Horizons drops Mondiale

Date: Thursday, January 31, 2008
Author: Advisor.ca

Horizons Funds has appointed JovInvestment Management as portfolio manager of the Horizons Mondiale Fund, replacing Mondiale Asset Management, effective immediately.

With the departure of Mondiale as manager, the fund is being renamed Horizons Global Contrarian Fund. The new manager has retained HCS Management Inc. to provide proprietary analytical tools that JovInvestment will use in its portfolio management.

"This is a welcome expansion of our existing relationship with HCS," said Philip Armstrong, president and CEO of Horizons Funds. "Their unique selection process makes them an ideal choice to help us build upon and improve the fund's investment strategy."

Both Horizons and JovInvestment are subsidiaries of Jovian Capital Corporation.