Norshield Hires European Marketer

Date: Tuesday, August 17, 2004

Norshield Financial Group hired Candela Capital Ltd. to help market its fund of funds strategies to European institutional investors, company officials announced. Candela is a London-based placement agency for hedge funds and private equity funds. Peter Flynn, who founded Candela in 2003, will head up the marketing effort on behalf of Norshield, according to a statement from Norshield. Norshield Chairman John Xanthoudakis said in a statement that European demand for Norshield funds has been strong, and Candela can help bring in even more business. Norshield has approximately C$1 billion (US$765 million) in assets under management.