Baillie Gifford has announced that Richard Sneller would be retiring at the end of April 2020 after almost 26 years with the firm. Until then, Mr. Sneller will continue to be fully involved in all of his usual activities, including his role in the Emerging Market Concentrated strategy, in which Desjardins invests with the DGIA Emerging Markets Fund. Since October 30, this strategy has been managed by a Portfolio Construction Group comprising Will Sutcliffe, Richard Sneller and Andrew Stobart. Starting May 1, 2020, it will be co-managed by Will Sutcliffe and Andrew Stobart. Mr. Sutcliffe will become the head of the wider Emerging Markets team starting May 1, 2020.
CI Financial Corp. (CI) and WisdomTree Investments, Inc.
CI Financial Corp and WisdomTree Investments, Inc. have announced an agreement under which CI will purchase all of the issued and outstanding shares of WisdomTree Asset Management Canada, Inc., the investment fund manager of WisdomTree’s Canadian exchange-traded funds. Upon completion of the transaction, CI will add 14 Toronto Stock Exchange-listed ETFs with $958 million in assets (as of November 4, 2019) to its current ETF family.
We have been informed of the departure of a resource within the Franklin Templeton Global Real Asset Fund team, namely Julie Donegan, who was a backup Portfolio Manager of U.S. real estate investments. She was based in California, while the main Portfolio Manager is based in NY.