FFCM to Manage Fund for AGFBy Andrew Rickard | August 28 2015 08:57AM
AGF Investments has entered into a partnership with the Boston-based investment management firm FFCM, which will take over portfolio advisor duties for one of the AGF funds at the end of the month.
On Aug. 25, AGF announced that the exchange-traded fund manager FFCM and the AGF subsidiary Highstreet Asset Management will assume portfolio advisor duties relating to AGF U.S. AlphaSector Class, effective Aug. 31, 2015. At the same time, the name of the fund will change to AGF U.S. Sector Class.
After the change in portfolio advisors, AGF says the fund will employ a combination of FFCM's sector model with Highstreet's market risk model to offer investors exposure to the U.S. equity market "in a dynamic, risk aware manner". AFG also says the fund will focus on limiting downside volatility for investors.
"The combination of FFCM and Highstreet offers investors all the opportunities of market participation with the assurance of a proven approach to managing volatility," says AGF president and CEO Kevin McCreadie. "We will continue to look for ways to optimize the strengths of these two firms for the benefit of our clients."