Dynamic Funds: Rohit Sehgal Lauded at North American Lipper Hedge Fund Awards
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TORONTO, ONTARIO, Apr 10 (MARKET WIRE) --
Dynamic Funds, a division of Goodman & Company, Investment Counsel Ltd.
("Dynamic"), was distinguished in front of an audience of its American
peers in New York last night when the Dynamic Power Hedge Fund, managed
by Rohit Sehgal, was named best Event-Driven Hedge Fund at the first
North American Lipper Hedge Fund Awards.
Lipper selected the Dynamic Power Hedge Fund ahead of 101 competitor
funds in North America within the Event-Driven category for achieving the
highest Lipper Leader rating for consistent (or effective) return value
within its classification.
"Since joining Goodman & Company in 1998, Rohit has been able to achieve
phenomenal success," said David Goodman, President and CEO, DundeeWealth.
"Rohit has been raising the bar for growth managers in Canada for more
than 35 years. Under his leadership, we are setting new standards for
investment excellence in Canada and around the world."
Rohit's track record has been established over numerous market cycles
during his 35 years in the investment business. His Dynamic Power Hedge
Fund is the top performing fund over the 3 and 5-year time periods ending
February 29, 2008, within Morningstar Canada's PALTrak universe of funds.
It has also achieved top spots in Bloomberg Markets magazine's best
non-U.S. funds lists in 2006 and 2007 (second and fourth place
respectively). Rohit's DPF India Opportunities Fund, a closed-end
investment trust designed to help investors capitalize on potential
commercial and investment opportunities in India, was one of 2007's most
successful foreign equity funds, raising total proceeds of over $250
million.
The North American Lipper Hedge Fund award adds to Dynamic's list of 2008
Canadian Lipper Fund awards, including Best Equity Fund Family. Dynamic's
unsurpassed portfolio management team was also named 2007 Advisors'
Choice Investment Fund Company of the Year at the Canadian Investment
Awards and has maintained its position as lead Morningstar fund family
for 18 consecutive months.
The Lipper Hedge Fund Awards 2008 recognized leading hedge funds across
European, offshore and North American fund domiciles with events in New
York and London.
Lipper, a wholly-owned subsidiary of Reuters, provides independent
insight on global collective investments including mutual funds,
retirement funds, hedge funds, fund fees and expenses to the asset
management and media communities. Covering over 172,000 share classes and
over 95,000 funds in 53 registered for sale (RFS) universes. Lipper is
the world's leading fund research and analysis organization. It provides
the free Lipper Leader ratings for mutual funds registered for sale in 27
countries. Additional information is available at www.lipperweb.com.
Goodman & Company, Investment Counsel Ltd. is a leading Canadian asset
management company tracing its roots back 50 years, with more than $26
billion in assets under management. Goodman & Company offers a wide range
of wealth management solutions through registered financial advisors.
These include the mutual funds, hedge funds and closed-end investment
trusts of Dynamic Funds(TM), the portfolio solutions of the Marquis
Investment Program, the flow -through limited partnerships of CMP(TM) and
Canada Dominion Resources and the high-net worth investment counsel of
Goodman Private Wealth Management. Goodman & Company is a subsidiary of
DundeeWealth Inc. (TSX: DW).
This press release does not constitute an offering of securities and is
not, and under no circumstances is to be construed as, a public offering
of securities or an advertisement relating to the units of the Fund
referred to herein. Units of the Fund are only available to certain types
of Canadian investors and may only be purchased pursuant to exemptions
prescribed by the securities legislation of their particular province or
territory.
Commissions, trailing commissions, management fees and expenses all may
be associated with an investment in the Fund. Performance data referred
to herein assumes reinvestment of distributions only and does not take
into account sales, redemption, distribution or optional charges or
income taxes payable by any unitholder that would have reduced returns.
Past performance may not be repeated.
Contacts:
Goodman & Company, Investment Counsel Ltd.
Customer Relations Centre
1-800-268-8186
Website: www.dynamic.ca
Myra Reisler
Media Relations
(416) 365-5370
Copyright 2008, Market Wire, All rights reserved.
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