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New investment manager for two SAM funds


Effective 1 September, 2019, Stone Asset Management Limited’s (SAM) Stone American Dividend Growth Fund and Stone American Dividend Growth Fund (Corporate Class)will be managed by SAM’s in-house portfolio management team. 

The funds are currently managed by SEAMARK Asset Management Ltd who were the managers at the time of the acquisition of the Ffnds from Marquest Asset Management Limited in December 2018. Notice of the upcoming manager change was included in the funds’ prospectus and annual information form dated 28 June, 2019. The funds’ mandate and all other features and benefits will remain unchanged.

“We thank SEAMARK for their willingness to stay on as manager while SAM completed our due diligence to bring the Funds’ management in house,” says Richard Stone, SAM’s Chief Investment Officer. “During that review, we were impressed by SEAMARK’s other service offerings.”

Separately, SEAMARK and SAM have entered into an agreement whereby SEAMARK will manage the core fixed income mandate for the accounts on SAM’s Separately Managed Accounts (SMA) platform. 

SEAMARK CEO, Robert McKim commented: “We believe that the SEAMARK core fixed income mandate is an excellent fit for SAM’s SMA clients. We welcome the opportunity to work closely with the SAM team, and provide field support for this fixed income mandate.”

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