RBC Asset Management terminates sub-advisor for RBC Private
U.S. Small Cap Equity Pool
TORONTO, January 18, 2008 — RBC Asset Management Inc.
announced today that it has begun a search to identify a replacement
sub-advisor for its RBC Private U.S. Small Cap Equity Pool.
Byram Capital Management LLC will continue its role as sub-advisor
on the Pool until another sub-advisor is identified. RBC Asset
Management will continue to provide investment management
oversight for the Pool to ensure a smooth transition.
About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary
of Royal Bank of Canada. RBC Asset Management Inc. provides
a broad range of investment services to investors through
mutual funds, pooled funds and separately managed portfolios.
With offices in major financial centres around the world,
RBC Asset Management Inc. is one of Canada's largest money managers
and has over $87 billion in assets under management.
The RBC Asset Management mutual fund family
was awarded the "Best Overall Fund Group" in Canada
for 2007 by Lipper Inc. The prestigious award is part of a
global program of events held by Lipper in 21 countries to
highlight funds and fund families that excel in delivering
consistently strong risk-adjusted performance relative to
their peers. Visit our website at www.rbcam.com.
RBC Asset Management is part of RBC Wealth
Management which directly serves affluent and high net worth
clients in Canada, the United States, Latin America, Europe
and Asia, provides asset management and trust services through
RBC partners and third-party distributors and has over $500
billion of assets under administration, 3,500 financial advisors
and $150 billion of assets under management.
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For further information, please contact:
Rina Cortese, RBC Wealth Management, (416) 974-6970