Portfolio management changes announced for Mackenzie funds

Portfolio management changes announced for Mackenzie funds

Portfolio management changes announced for Mackenzie funds Mackenzie investments has announced portfolio management changes that would affect its growth funds.

According to the statement, Vice-President and Portfolio Manager David Arpin and Senior Vice President and Portfolio Manager Dina DeGeer have taken up portfolio management responsibilities for the Mackenzie Global Growth Class and Mackenzie US Growth Class funds. They still continue with ongoing management of the Mackenzie Canadian Growth Fund and the Mackenzie Canadian Growth Balanced Fund.

In addition to managing the growth funds, Mr. Arpin and Ms. DeGeer have also assumed management of a portion of three private pools, namely:
  • Mackenzie Private Canadian Focused Equity Pool/Class
  • Mackenzie Private US Equity Pool/Class
  • Mackenzie Private Global Equity Pool/Class
They have also assumed management of a portion of the Mackenzie Emerging Markets Opportunities Class.

Mr. Arpin’s has 22 years’ experience in investment, part of which consisted of a stint managing foreign securities as part of the Mackenzie Ivy team between 2000 and 2012. He also spent time on the portfolio management team of Bluewater Investment Management Inc., which was converted into the Mackenzie Canadian Growth team in January of this year.

Ms. Degeer’s investment experience amounts to 29 years. She managed foreign growth investments and worked as portfolio manager with the portfolio management team of Bluewater before joining the Mackenzie Global Growth team in January. Earlier this year, she was ranked one of the top 100 money managers in the world by Citywire.

Mr. Arpin and Ms. Degeer’s follow the same investing style, described in the release as “a conservative growth investing style with a focus on high-quality growth companies that generate a growing stream of free cash flow over time”. They place emphasis on paying less than the estimated fair market value for companies, using a discounted cash flow method.

The release also announced the departure of Vice President Ashley Misquitta as a consequence of the changes, effective August 19.


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