TD Asset Management Launches 130/30 Fund |
Date: Tuesday, January 8, 2008
Author: FINalternatives.com
Toronto-based TD Asset Management last month launched a fundamentally-invested 130/30 fund. The TD Emerald 130/30 Fundamental Canadian Equity Pooled Fund Trust builds on the firm’s history of managing fundamental long only equity and long/short equity market neutral strategies.
“TDAM has demonstrated the skill and success in buying long and selling equities short—keys to the credibility of any fundamental active extension solution,” said Robin Lacey, managing director. “It is exciting to be one of the first investment managers to bring a fundamental Canadian equity solution to this market, one that complements our existing quantitative active extension funds.”
TD Asset Management manages a range of products for institutional and retail mutual fund clients including alternative investments and portfolio integration services such as transition management, rebalancing and overlay. As of the end of November, the firm managed over C$170 billion (US$171.5 billion) in assets under management.
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