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IA Clarington bolsters actively managed fund line-up with activist US equity fund

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IA Clarington Investments has launched IA Clarington Sarbit Activist Opportunities Class.

Managed by portfolio sub-adviser Larry Sarbit, the fund is the first of its kind in Canada as it will invest in companies where an activist investor has disclosed an intention to change or influence the management or control of a company.
 
"This fund is in keeping with our philosophy of providing investors with actively managed investment solutions, and we’re extremely pleased to be adding it to our line-up as it gives retail investors access to an area of the market place that hasn’t been available to them until now," says David Scandiffio (pictured), president of IA Clarington. "Larry has an excellent track record of success, and he’s well equipped to find the opportunities within the activist investment universe."
 
Sarbit started his investment career in 1979 as an analyst with Richardson Securities.  He is the founder and chief investment officer of Sarbit Advisory Services, and currently manages the IA Clarington Sarbit US Equity Fund and Class, the former being a top quartile performer since its launch in 2010.
 
"Significant shareholder value is created when an attractively priced business deploys its assets in an efficient manner," says Sarbit.  "Investor activism can be a catalyst in unlocking the true value of a business, should these inefficiencies exist."

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