Mackenzie Investments has appointed new portfolio managers for its Growth funds, and is re-allocating management responsibilities for several private pools. Ashley Misquitta is leaving the firm.

Mackenzie has appointed David Arpin and Dina DeGeer to serve as portfolio managers of the Mackenzie Global Growth Class and the Mackenzie US Growth Class. They will continue to serve as portfolio managers on the Mackenzie Canadian Growth Fund and Mackenzie Canadian Growth Balanced Fund.

"A conservative growth investing style"

Arpin and DeGeer have also assumed management of portions of the Mackenzie Private Canadian Focused Equity Pool/Class, Mackenzie Private US Equity Pool/Class, the Mackenzie Private Global Equity Pool/Class, and the Mackenzie Emerging Markets Opportunities Class.

"Mr. Arpin and Ms. DeGeer follow a conservative growth investing style with a focus on high-quality growth companies that generate a growing stream of free cash flow over time," reads the announcement. "Emphasis is placed on paying less than the estimated fair market value for companies, using a discounted cash flow method."

Member of the portfolio management team of Bluewater

Arpin managed foreign securities as a member of the Mackenzie Ivy team between 2000 and 2012 and as a member of the portfolio management team of Bluewater Investment Management, which became the Mackenzie Canadian Growth team in January 2016.

DeGeer was a portfolio manager with Bluewater, and also joined the Mackenzie Canadian Growth team in January 2016. Earlier this year, she was ranked one of the top 100 money managers in the world by Citywire.

As a result of these changes, Mackenzie says that Ashley Misquitta will leave the firm on August 19, 2016.