Toronto-based Marquest Asset Management Inc., portfolio manager of the Marquest group of funds, has appointed Toronto-based Cassels Investment Management Inc. as portfolio subadvisor of Marquest Monthly Pay Fund and Marquest Monthly Pay Fund. Liis Palmer and Rob Cassels, portfolio managers with Cassels, will assume the portfolio-management responsibilities for both funds, which previously were managed internally by Marquest. Collectively, Palmer and Rob Cassels have more than 50 years of experience in the investment industry and have been investment managers of Marquest Tax Deferred Income Fund since that fund’s inception. Marquest and Cassels will work closely together to ensure a seamless transition of the portfolio management of the funds.
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