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Foresters Financial strengthens management of First Investors Global Fund

  • Jun 04, 2018

(Toronto, ON, June 4, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the hiring of an international equity team to manage the First Investors Global Fund (Class A: FIISX, Advisor: FIITX and Institutional: FIIUX) for our North American Asset Management unit.

Pedro Marcal will take on the newly created position of Director of International Equities and, effective July 1, 2018, will be the portfolio manager for the First Investors Global Fund. He has 24 years of experience managing global and international equities, primarily at Fred Alger Management and Allianz Global Investors. He holds a Bachelor of Arts in Economics from the University of California, San Diego and a Master of Business Administration from the University of California, Los Angeles.

Pedro will be supported by two international equity analysts, Heiner Luz and Warren Zhang, CFA. Heiner previously worked at Fred Alger Management, Goldman Sachs and Fidelity International specializing in European equities. He holds a Master of International Finance from Griffith University (Australia) and a Master in Business Administration from the University of Bayreuth (Germany). Warren held analyst positions with a focus on the Asia-Pacific region at Fred Alger Management and Allianz Global Investors, and was an emerging markets analyst at Morgan Stanley Investment Management. He holds a Master of Arts Degree in Finance from Yale University, a Master of Arts Degree in Economics from University of California, Riverside, and a Bachelor of Science in Civil Engineering from Tongji University (China). In addition, Warren is a CFA charterholder.

“The addition of Pedro and his team will provide fund shareholders with deep experience in international equity investing,” said Blake Moore, President, North American Asset Management, Foresters Financial. “We expect the synergies between the international and U.S. teams will be beneficial to our overall equity investment process and performance.”

Pedro Marcal and his team will take over management of the U.S. $620 million First Investors Global Fund from subadvisor Wellington Management Company LLP on July 1, 2018.

About Foresters Financial

Foresters Financial is an international financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. Foresters Financial has assets of $17.7 billion, liabilities of $15.7 billion, total funds under management of $45.1 billion and a surplus of $2 billion (all figures in Canadian dollars as of December 31, 2017). For more information, visit foresters.com.

First Investors Funds are managed by Foresters Investment Management Company, Inc., and underwritten and distributed by Foresters Financial Services, Inc.; each is a wholly owned subsidiary of Foresters Financial Holding Company, Inc. 

For more information about any First Investors Fund , you may obtain a free prospectus by downloading it from our website, contact your registered representative, or call 800 423 4026. You should consider the investment objectives, risks, fees or charges, and expenses carefully before investing. The prospectus contains this and other information, and all applicable prospectuses should be read carefully before you invest or send money. An investment in one of these products is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

Foresters Financial™ and Foresters™ are the trade names and trademarks of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9 and its subsidiaries, including Foresters Financial Services, Inc. Foresters Financial Services, Inc. is a member of the Securities Investor Protection Corporation (SIPC). 

18-00415

For more information:

Greg Hubert
Foresters Financial
416-429-3000 Ext: 4044
ghubert@gmail.com

416425 US (05/18)