Canoe Financial LP announces changes to portfolio management

CALGARY, Alberta, Nov. 7, 2024 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe Financial”) today announced that PineStone Asset Management Inc. (“PineStone”) will replace Fiera Capital Corporation (“Fiera”) as sub-adviser for the following funds:

• Canoe Defensive Global Equity Fund
• Canoe Defensive International Equity Fund
• Canoe Defensive US Stock Portfolio Class
• Kano Global Equity Fund

PineStone, which currently serves as sub-adviser to Fiera on the funds, will assume direct sub-advisory responsibilities as a result of this change.

Canoe Financial also announced that it has acquired Nalmont Capital Inc. (“Nalmont”) will appoint as sub-adviser, replacing Fiera, to provide risk management advice for the following funds:

• Kano Defensive Global Balanced Fund
• Canoe Defensive Global Equity Fund
• Canoe Defensive International Equity Fund
• Canoe Defensive US Stock Portfolio Class

These changes are expected to take effect no later than January 10, 2025.

About canoe finance

Canoe Financial is one of Canada’s fastest growing independent investment funds, managing approximately $18 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management company focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

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