Business Services Industry
Epoch Holding Corporation Announces Additions to Assets Under Management
Business Wire, Feb 4, 2005
NEW YORK -- Epoch Holding Corporation (the "Company")(OTCBB:EPHC), parent of Epoch Investment Partners, Inc. ("Epoch") announced today that Epoch has been named portfolio advisor to CI Pacific Fund, CI Pacific Sector Fund, CI Japanese Sector Fund, and CI Asian Dynasty Fund. The aforementioned funds are managed by CI Fund Management, Inc (TSE:CIX) and its wholly owned subsidiary, CI Mutual Funds Inc. ("CI"). Total assets of these funds are approximately $140 million.
"We are pleased to increase our business relationship with CI and expand Epoch's activities in international equities. CI has been, and remains a valuable client of Epoch," said William W. Priest, Chief Executive Officer of Epoch Holding Corporation.
In addition to the mandates from CI, funding for Epoch International Small Cap Fund (Symbol EPIEX) was initiated on January 25, 2005. Epoch is the advisor to EPIEX and expects total funding to be modestly above the $50 million previously announced at the Company's Nov. 18, 2004, annual meeting of stockholders.
As a result of these additions, Epoch's total assets under management are approaching $1.3 billion.
About the Company:
Epoch Holding Corporation conducts its operations through Epoch Investment Partners, Inc., a wholly-owned subsidiary and a registered investment advisor under the Investment Advisers Act of 1940. Investment management and investment advisory services are the Company's sole line-of-business. Additional information about Epoch Holding Corporation and Epoch Investment Partners can be located on our website at www.eipny.com.
Safe Harbor Statement:
This press release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward-looking statements, including its earnings outlook.
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