The Fédération des caisses Desjardins du Québec, manager of the Desjardins Funds, announced today that it will offer new I-Class Units on the Desjardins Alternative Investment Fund.

I-Class units are designed for institutional and other high net-worth investors who are entitled to reduced management fees because of the lower costs of servicing large dollar investments in the fund. Investors in I-Class units negotiate and pay management fees directly to the manager.

The manager also announced the change of name of the Desjardins Fidelity International Portfolio Fund to Desjardins Fidelity Global Fund. This is to reflect the change of name of the underlying Fidelity International Portfolio Fund as announced by Fidelity Investments, which is to take effect on May 8.