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Toronto-based DundeeWealth traces its origins through Dynamic Funds(TM), its most visible investment brand, which began as an investment club in 1957. As a fully-integrated wealth management firm, the Company focuses on investment management, capital markets and financial advisory services. It has approximately 1,200 employees in North America, is home to more than 60 mutual funds and alternative investments, and boasts a network of almost 1,200 financial advisors across Canada. As of September 30, 2009, the Company had a total of $65.4 billion CAD ($61 billion USD) in fee-earning assets, including $33.6 billion CAD ($31.3 billion USD) in assets under management.
"Dynamic Funds has become an iconic, well respected brand in Canada's mutual fund industry having established its reputation over more than 50 years," said David Goodman, president and chief executive officer of DundeeWealth. "Our goal is to expand DundeeWealth's global presence by introducing our talented portfolio managers and proven investment discipline to retail and institutional investors in the U.S. In 2008, we made an acquisition that provided us with an experienced management team and a ready platform for distribution in the highly competitive U.S. market."
"The Company's portfolio managers seek to take advantage of opportunities in our changing global economy," said Pete Moran, managing partner at DundeeWealth US. "The Dynamic Funds employ an opportunistic approach to global investing that has been the hallmark of Dynamic's success in Canada. DundeeWealth has expertise in global equity, gold and natural resource investing that we expect to appeal to investors in the U.S."
Based in Berwyn, Pennsylvania, DundeeWealth US is a registered investment adviser and provides management and oversight of the Company's U.S. operations. "We will offer investment services in the U.S through mutual funds, commingled vehicles, private funds and institutional separate account management," said Amy Duling, managing partner, DundeeWealth US. "We have already begun the process of introducing Dynamic Funds to our established relationships in key distribution channels."
The following Dynamic funds are available in the U.S. through DundeeWealth US:
-- Dynamic Infrastructure Fund (DWGIX) managed by Oscar Belaiche and Jason Gibbs
-- Dynamic Gold & Precious Metals Fund (DWGOX) managed by Robert Cohen
-- Dynamic U.S. Growth Fund (DWUGX) managed by Noah Blackstein
-- Dynamic Discovery Fund (DWGDX) managed by David L. Fingold
-- Dynamic Contrarian Advantage Fund (DWGVX) managed by David L. Fingold
-- Dynamic Energy Income Fund (DWEIX) managed by Oscar Belaiche and Andrew Taylor
DundeeWealth US also offers the following mutual funds in the U.S.:
-- JOHCM International Select Fund (JOHIX) managed by Christopher Lees and Nudgem Richyal
-- Mount Lucas U.S. Focused Equity Fund (BMLEX) managed by Roger E. Alcaly, Nan Q. Lu, and Timothy J. Rudderow
-- Smith Group Large Cap Core Growth Fund (BSLGX) managed by John D. Brim, Royce W. Medlin, Stephen S. Smith and A. Michelle Pryor
About Dynamic Funds
Dynamic Funds is a division of Goodman & Company, Investment Counsel Ltd., a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW). Goodman & Company offers a wide range of wealth management solutions through financial advisors. These include the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds, the portfolio solutions of the Marquis Investment Program, the flow-through limited partnerships of CMP(TM) and Canada Dominion and the high-net worth investment counsel of Goodman Private Wealth Management. More information is available online at www.dynamic.ca.
About DundeeWealth Inc. and DundeeWealth US
DundeeWealth is a Canadian owned, independent wealth management company that oversees $65.4 billion CAD ($61 billion USD) in fee earning assets. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds, managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX: DW). More background on DundeeWealth is available online at www.dundeewealth.com.
DundeeWealth US was established in 2008 with the acquisition of BHR Fund Advisors by a wholly-owned subsidiary of DundeeWealth. DundeeWealth US's executive team brings a wealth of experience in the development and distribution of investment products for the U.S. market. More information on DundeeWealth US and the Dynamic Funds available to U.S. investors is online at www.dundeewealthus.com.
The information provided above is not an offering for sale of the Funds, nor is it a solicitation for purchase of the Funds. The "Dynamic Funds" are each a series of the BHR Institutional Funds and are distributed by PFPC Distributors, Inc., Valley Forge, PA. Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus with this and other information about the funds may be obtained by calling 1-888-572-0968 or visiting the website at www.dundeewealthus.com. Read the prospectus carefully before investing.
SOURCE: DundeeWealth Inc.
Hewes Communications, Inc. Tucker Hewes, 212-207-9451
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