Goodman has appointed London-based Independent Franchise Partners as a sub-adviser with a global value mandate for Marquis Institutional Global Equity Portfolio.

IFP is expected to take up its new mandate on 1 October 2009, replacing Morgan Stanley Investment Management.

The selection was made by the oversight committee, consisting of investment professionals from Goodman and its parent, DundeeWealth, following a rigorous manager search by the company's institutional investments team.

IFP was selected for the investment approach it offers through a dedicated, employee-owned, investment management partnership. IFP employs a research process that is focused on identifying investment opportunities which demonstrate both the quality and value characteristics that they believe can deliver sustainable, long-term investment returns.

The other eight sub-advisers in the Marquis Institutional Global Equity Portfolio remain unchanged.

There will be no changes to the investment objectives or investment strategy of the fund.

Goodman is a Canadian asset management company that offers a range of wealth management solutions through financial advisers. These include the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds, the portfolio solutions of the Marquis Investment Programme, the flow-through limited partnerships of CMP and Canada Dominion and the high-net worth investment counsel of Goodman Private Wealth Management.