Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced on Wednesay that portfolio management responsibilities for Phillips, Hager & North U.S. Equity Fund and PH&N U.S. Growth Fund will transition from RBC GAM Inc. to its U.S. affiliate, RBC Global Asset Management (U.S.) Inc. prior to Dec. 31.
Founded in 1983, RBC GAM U.S. is a registered investment adviser headquartered in Minneapolis. RBC GAM U.S. has approximately US$40 billion in assets under management, including U.S. equities, fixed income and money market mandates.
The firm’s U.S. equity capabilities range from large to micro-cap, as well as across value and growth styles. Its institutional clients include corporations, public funds, financial institutions, foundations, endowments as well as individual investors across the U.S.