I issued a press release today:
Hymas Investment Management Welcomes a Preferred Share Competitor
TORONTO, Dec. 11 /CNW/ – James Hymas, president of Hymas Investment Management Inc., welcomed the announcement of Canada’s second actively managed mutual fund concentrated on preferred shares.
“Malachite Aggressive Preferred Fund has, since its inception in March, 2001, shown the value of active management in the preferred share marketplace. While the new Omega Preferred Equity Fund has a mandate allowing for investment in a wide variety of asset classes, the fund sponsor has announced the intention to concentrate on preferred shares. I will be watching them build their performance track-record with keen interest,” he said.
Mr. Hymas commenced his fixed income portfolio management career in 1992, with Greydanus, Boeckh & Associates Inc. At the time of the firm’s sale in 1999, he was Chief Operating Officer, with portfolio management responsibilities for the firm’s $1.7-billion under management. Since founding Hymas Investment Management Inc. in 2000, he has devoted himself to developing analytical frameworks for the analysis of Canadian preferred shares; he writes a daily blog providing news of interest to preferred share investors at http://www.prefblog.com/.
Malachite Aggressive Preferred Fund is available to accredited investors across Canada. Full documentation is available through the Hymas Investment Management website at http://www.himivest.com/.
The statements and analyses in this press release are based on material believed by Hymas Investment Management Inc. (“HIMI”) to be reliable, but cannot be guaranteed to be accurate or complete. The views expressed herein should not be construed as constituting investment, legal or tax advice to any investor, nor as an offer or solicitation of an offer to buy or sell any of the securities mentioned herein. Such views are provided for information purposes only, and neither HIMI nor any of its directors, officers or shareholders accept any liability for investment decisions which are based upon the information contained or views expressed herein. Particular investments and investing strategies should be evaluated relative to each investor’s individual financial situation, investment objectives and risk tolerances, among other factors, and this evaluation should be made by the investor in conjunction with his or her investment and other appropriate advisors. HIMI and its directors, officers and shareholders may from time to time hold long or short positions in the securities discussed in this press release, either on their own behalf or on behalf or individual client accounts or investment funds managed by HIMI.
For further information: James Hymas, (416) 604-4204, jiHymas@himivest.com
It’s always nice to have some company! Hopefully, National Bank’s massive publicity budget will grow the space a little!