TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- 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