RBC Global Asset Management Inc. Tuesday announced changes to RBC Private U.S. Growth Equity Pool and RBC Private Canadian Growth and Income Equity Pool.
Effective immediately, RBC GAM has initiated a search to identify a replacement sub-advisor for the RBC Private U.S. Growth Equity Pool. Aletheia Research and Management Inc. will continue its role as sub-advisor for the Pool until another sub-advisor is identified. RBC GAM will continue to provide investment management oversight for the Pool and manage the transition to ensure consistency for the unitholders.
Effective February 13, RBC Private Canadian Growth and Income Equity Pool will re-open for new purchases. Re-opening the Pool will allow existing investors to add to their holdings and enable new investors to purchase the Pool for the first time.