Jovian adds to Hahn stake

Jovian Capital has announced that it has acquired an additional 20% equity interest in Hahn Investment Stewards & Company Inc., through its wholly-owned subsidiary Jovian Asset Management Inc.

The deal brings Jovian’s total interest to 70% of HAHN’s issued and outstanding voting shares, on a fully-diluted basis. The management, directors and employees at HAHN remain unchanged.

“We have been very pleased with the growth of HAHN since our initial investment in July of 2009 and remain fully committed to the fast-growing managed ETF portfolio space,” said Philip Armstrong, C.E.O. of Jovian. “We feel that the time is right to increase our stake in HAHN and help it to continue to achieve its enormous growth potential in North America.”

HAHN builds and manages globally-diversified portfolios for its clients using exchange-traded funds, and is recognized as an innovator in the investment management industry.

“We believe that our managed ETF Portfolios are revolutionizing portfolio management for investors,” said Tyler Mordy, Director of Research for HAHN. “We are excited about HAHN’s prospects for growth and opportunities ahead, and this transaction will help us to capture those opportunities,” added Mr. Mordy.

Founded by Wilfred Hahn in 2001, HAHN has one of the longest track records in using ETFs to deliver investment returns to its clients, utilizing a disciplined, cost-effective, global macro approach to managing money.

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