The Canadian Medical Association's MD Management Ltd., Ottawa, hired four managers for its C$1.2 billion (U.S. $890 million) MD Equity Fund, said Ron Bannerman, vice president, MD Management. It hired Mawer Investment Management, a small-cap manager; J.R. Senecal & Associates Investment Counsel, a large-cap manager; and O'Donnell Investments and McLean Budden, both midcap managers.
The four new managers, which replace Mackenzie, will run 80% of the fund, investing in Canadian stocks. Templeton, which was retained, runs 20% of the fund, investing in non-Canadian stocks..
Brockhouse & Cooper assisted.