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Jovian Completes Acquisition of 50% of Hahn Investment Stewards

^{Published on 2009-07-27 08:40:31, Last Modified on 2009-07-27 08:40:39 - Market Wire}
 

 TORONTO, July 27 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX) is pleased to announce that, further to the announcement of March 4, 2009, its wholly-owned subsidiary Jovian Asset Management Inc. ("JAMI") has completed the acquisition of 50% of the issued and outstanding shares of Hahn Investment Stewards & Company Inc. ("HAHN"). HAHN builds and manages globally-diversified portfolios for its clients using exchange-traded funds ("ETFs"), and is recognized as an innovator in the investment management industry. Founded by Wilfred Hahn in 2001, HAHN has one of the longest track records in using ETFs to deliver investment returns to its clients, utilizing a disciplined, low-cost approach to managing money. "We are very pleased to have acquired a substantial stake in HAHN. This acquisition will strengthen our powerful position in the ETF business," said Philip Armstrong, C.E.O. of Jovian. "With our investments in BetaPro Management Inc., AlphaPro Management Inc., and now HAHN, we are well positioned to build on our substantial ETF platform with approximately $2.4 billion of assets under management, and Wilfred Hahn and his team add considerably to the investment expertise within the Jovian group of companies," added Mr. Armstrong. Davee Gunn, President and C.E.O. of HAHN, said, "Our global investment management expertise coupled with proprietary portfolio management software offers a unique value proposition to individual and institutional investors. With a long track record managing ETF portfolios in separately managed accounts, we have consistently delivered returns with less risk and less tax to HAHN clients. We are confident that our alliance with Jovian's experienced management team will enhance our efforts to expand these wealth management services in Canada and abroad." About Jovian Capital Corporation ([ www.joviancapital.com ]) Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc., JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Securities Inc., MGI Securities (USA) Inc., MGI Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.5 billion of client assets ($6.0 billion in assets under management and $6.5 billion in assets under administration). Additional information is available at [ www.sedar.com ].

For further information: Don Sangster, Investor Relations, Jovian Capital Corporation, (416) 933-5744; or Philip Armstrong, C.E.O., Jovian Capital Corporation, (416) 933-5752