Pathway Asset Management

Pathway Asset Management

December 08, 2011 17:02 ET

Pathway Asset Management (Including MineralFields & EnergyFields) Announces New Portfolio Manager: Ray Steele

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2011) - Pathway Asset Management, MineralFields Group and EnergyFields Group are pleased to announce that effective today, Mr. Raymond M. Steele, CFA, CMA has joined Pathway Investment Counsel Inc. as a senior portfolio manager. Effective immediately, Mr. Steele takes over portfolio management of all Pathway, MineralFields and EnergyFields flow-through limited partnerships, as well as the Explorer Series Fund and Energy Series Fund of the corporate class mutual fund Pathway Multi Series Fund Inc. Mr. Steele assumes responsibility for functions that were previously performed by Mr. William Koenig, portfolio manager. Pathway thanks Mr. Koenig for his work and service to Pathway over the last two and a half years and wishes him the best with his future endeavours.

Raymond M. Steele has over 25 years experience as an investment professional managing money for pension funds, mutual funds, and other institutional clients. In addition, he has a vast array of experience with the marketing, administrative, technological, and regulatory aspects of the investment management business. He was a founder, investment manager, and CFO of Mavrix Fund Management Inc, a TSX listed company, from 2001 to 2010. Areas of expertise included North American growth stocks and resource stocks, with particular emphasis on Flow-Through Limited Partnerships. Prior to Mavrix, Mr. Steele was an Investment Manager at YMG Capital, Goodman and Company, Sceptre Investment Counsel and Co-operators Insurance. Mr. Steele has a B.Comm. from the University of Ottawa, is a Certified Management Accountant, and has the Chartered Financial Analyst designation.

Pathway Asset Management and its affiliates have raised over a billion dollars (namely, $1,060,644,660) in their flow-through limited partnerships to date since their inception. Pathway Asset Management is a diversified financial products and asset management company headquartered in Toronto, with offices in Montreal, Vancouver, and Calgary. Pathway mutual funds are distributed through licensed financial advisors and investment dealers.

Information on Pathway Asset Management can be obtained by visiting the website or by contacting them by e-mail at, by telephone at (416) 665-9339 ext 229, toll-free at 1 (800) 339-9169 ext 229, or by facsimile at (416) 665-9331.

Contact Information

  • Pathway Asset Management
    Imtiaz Hashmani, CFO
    (416) 665-9339 Ext. 229
    Toll Free: 1-800-339-9169 Ext. 229
    (416) 665-4772 (FAX)