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Excel Funds Management changes portfolio manager

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Excel Funds Management has named Excel Investment Counsel, its portfolio management affiliate, as portfolio manager of the Excel Income and Growth Fund effective 7 December 2009.

EIC replaces Toron Capital Markets as portfolio manager.

Paul Mesburis, senior portfolio manager and chief compliance officer at EIC, will assume portfolio management responsibilities for the Excel Income and Growth Fund.

Mesburis has over 15 years of capital markets experience, and has been managing investment portfolios since 2005.

He has previously served as vice president and portfolio manager at a Canadian-based asset management company.

Founded in 1996, Excel Funds is a fund management company that focuses on investment opportunities in emerging markets.

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