Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below. They are established as segregated funds under the Insurance Companies Act (Canada).
Effective December 2, 2021, Jason Gibbs rejoined 1832 Asset Management L.P. (“Dynamic Funds”) as VP & Senior Portfolio Manager and co-Head of the Equity Income Team (“the Team”) alongside Oscar Belaiche. Gibbs assumed co-management responsibilities for the Sun Life Dynamic Equity Income and Sun Life Dynamic Strategic Yield funds (“the Funds”) effective January 1, 2022. SLGI Asset Management Inc. (“SLGI”) manages the Funds and Dynamic Funds is the sub-advisor.
Gibbs previously spent 18 years at Dynamic Funds before leaving the company in 2018. During his time with the firm, he managed or co-managed North American and infrastructure equity mandates. Gibbs was also one of the founding members of the Team in 2002. He originally joined Belaiche as co-manager on the Dynamic Equity Income fund in 2010.
Gibbs’ departure from the firm was due to personal reasons. He chose to dedicate time to his young family and nurture other personal interests. Gibbs decided to come back when Dynamic Funds provided an opportunity to do so. Over the next few months, Gibbs will work with the other co-managers to familiarize himself with each funds’ current investment positioning. He will also spend time reintegrating himself with team members.
There are no changes to the Funds’ investment objectives and strategies.
Sun Life GRS Investment Solutions’ view
We view Gibbs’ re-addition as positive and should strengthen the talent of the Team. We value his previous experience with the Team and working alongside Belaiche. We’ll continue to monitor the Funds in upcoming quarters and will provide updates as necessary.
Questions?
Please contact your Sun Life Group Retirement Services representative.
