MD’s patent application seeks to protect fund management process which exclusively benefits Canada’s physicians
MD Physician Services Inc. (MD) was the focus of an article in the Financial Post regarding MD’s decision to file an application to patent its proprietary “Manage the Manager” fund management process which exclusively benefits MD’s clients—Canada’s physicians and their families.
To understand MD’s rationale behind the application, Legal Affairs journalist Julius Melnitzer spoke with Mike Gassewitz, Executive Vice President of Member Solutions at MD and Craig Maddock, MD’s Vice President of Investment Management.
The patent application revolves around in-depth research of historical investment performance which is central to MD’s process in the analysis of the decision-making process of key investment managers in order to formulate forward-looking risk and return estimates.
“The process is multi-faceted and innovative and goes well beyond the selection of a fund manager to helping us determine which combination of investment philosophies, processes and partnerships will likely deliver the best future risk-adjusted performance for our clients,” said Mr. Maddock.
The April 2 article “Wealth manager tests Canada’s taste for ‘business method’ patents” is available only in English.
About MD Physician Services
MD Physician Services, with more than $36 billion in assets under administration, is a wholly-owned subsidiary of the Canadian Medical Association. MD is dedicated to serving physicians and their families. MD Physician Services provides financial products and services, the MD family of mutual funds, private investment counselling services and practice management services through the MD Group of companies. For a detailed list of these companies, visit mdm.cma.ca.
Communications Manager, MD Physician Services Inc.
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