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August 22, 2005
Jovian Asset Management Inc. acquires Horizons Funds Inc.
Jovian Capital Corporation has entered into an agreement with Horizons Funds Inc. to acquire the latter trough its Jovian Asset Management Inc. Horizons is a leading-edge developer and distributor of investment fund products and specializes in innovative investing strategies. Within 90 days the agreement is likely to be formal if due-diligence and regulatory approvals are obtained by then. Horizons currently manages assets to the tune of $150 million through 3 open-ended, Full Prospectus Hedge Funds. The funds for which Horizons acts as trustee as well as manages and distributes are - Horizons Mondiale Hedge Fund; Horizons Tactical Hedge Fund; Horizons Phoenix Hedge Fund and Horizons Diversified Fund. The largest amongst these is Horizons Mondiale Hedge Fund which was formed in 1997 and is managed by using systematic, trend following strategies with strong risk controls. The fund has given 8.3% annualized return since inception. The Jovian group of companies manages more than $8 billion of client assets and operates from over 87 locations. Newswire.ca reports:
“Horizons Mondiale Hedge Fund, the largest fund, has been in existence since 1997 and is managed using systematic, trend following strategies with strong risk controls.”
Read More: Jovian Subsidiary to Acquire Control of Horizons Funds Inc.
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