Goodman Institutional Investments today announced the launch of a new family of funds designed to suit the needs of institutional investors. The Goodman Institutional Funds are being marketed to pension funds.

Goodman will offer fund of funds management to small pension funds and a fund of hedge funds to larger pension funds.

The company says it will also provide a range of services to pension funds, including asset allocation, investment searches, record keeping, performance monitoring and investment management.

Goodman will offer a variety of investment mandates including Canadian, U.S. and international equities as well Canadian fixed income, U.S. dollar high yield and a hedge-fund option.

Under the firm’s multi-manager multi-style approach, clients will be offered two managers for each asset class — a growth manager and a value manager.

The assets will all be managed by external third parties, clients will pay a fixed percentage fee, based on assets under management.

Goodman Institutional Investments is affiliated with Goodman & Co, Investment Counsel Ltd. Goodman chairman, Ned Goodman, Chairman, first ventured into institutional money management in 1967.