LeeSide Capital Principals Officially Assume Portfolio Management Responsibilities for SEAMARK

Marks a first step in rebuilding Matrix’s Institutional and High Net Worth Division

 

HALIFAX, Nova Scotia, April 10, 2012 –

SEAMARK Asset Management Ltd. is pleased to announce that it has successfully completed the previously announced transaction with LeeSide Capital Management Inc.  SEAMARK has acquired LeeSide’s assets under management and the three founders of LeeSide, Robert (Bob) McKim, George Loughery and Donald Wishart, have rejoined SEAMARK as senior officers where they collectively spent nearly 40 years building the SEAMARK business.

“Together, SEAMARK’s existing personnel and the LeeSide founders will provide clients with a unique investment team with a proven strategy”, states David Levi, President and CEO of Matrix and SEAMARK. “We are deeply committed to our existing clients, and to re-building our institutional business with the LeeSide founders at the helm.”

“Now that it is official, we are looking forward to integrating our operations, and providing top-notch investment management to all of our clients”, says Bob McKim, CFA, founder and CEO at LeeSide and Chief Investment Officer at SEAMARK. “We are delighted with the reception by LeeSide and SEAMARK clients, by the SEAMARK staff, and by the pension consultant community to our transaction. This is an important first step in turning the corner for SEAMARK...”