Business News • MarketWire • Matrix Funds Management Announces Proposed Change of Manager |
Matrix Funds Management Announces Proposed Change of Manager |
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Matrix Funds Management Announces Proposed Change of Manager
TORONTO, ONTARIO--(Marketwired - May 27, 2013) - Growth Works Capital Ltd., through its Matrix Funds Management operating division ("Matrix Funds Management") announced the terms of a transaction agreement between Matrix Asset Management Inc., Matrix Funds Management's parent company, and Marquest Asset Management Inc. ("Marquest") under which management of the Matrix Group of Mutual Funds would be transferred from Matrix Funds Management to Marquest. Closing of the transaction, and the transfer of management of the Matrix Group of Mutual Funds, is subject to customary closing conditions, including obtaining necessary shareholder, unitholder, stock exchange and regulatory approvals in addition to the Independent Review Committee approval for the Matrix Group of Mutual Funds. It is unknown at this time if these conditions will be satisfied or waived.
View More : http://www.marketwire.com/mw/release.do?id=1795018&sourceType=3
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