London, UK-based Independent Franchise Partners, LLP (IFP) has been appointed as a sub-advisor with a global value mandate for Marquis Institutional Global Equity Portfolio, Goodman & Co., Investment Counsel Ltd. said Wednesday.

IFP is expected to take up its new mandate on October 1, replacing Morgan Stanley Investment Management.

“The selection was made by the oversight committee, consisting of seasoned investment professionals from Goodman & Co. and its parent, DundeeWealth Inc., following a rigorous manager search by the company’s institutional investments team for a high-quality complement to the managers already represented in the portfolio,” Goodman & Co. said in a release.

According to Goodman & Co., IFP employs a research process that is focused on identifying investment opportunities that demonstrate both the quality and value characteristics that they believe can deliver sustainable, long-term investment returns.

The other eight sub-advisors in Marquis Institutional Global Equity Portfolio remain unchanged. There will be no changes to the investment objectives or investment strategy of the fund at this time, Goodman & Co. said.

IE