Javasky will remain active in the firm until the end of March to ensure a seamless leadership transition and will be available to the team in an advisory and consultative role into the future. Mr. Javasky will remain an investor in the Ivy funds.

“We have been preparing for this day within the Ivy family by building a talented team of like-minded managers over the past decade” said Javasky. “Each member of the team is dedicated to preserving those attributes that define the Ivy investment style.”

Jerry Javasky joined Mackenzie in 1992. During his tenure, the Ivy Funds have shown consistent superior risk-adjusted performance through the diligent application of the Ivy investment process. “The capacity of the Ivy team to preserve investor capital was put to the test in 2008, and by most people’s definition they have passed that test extremely well.” said David Feather, President, Mackenzie Financial Services Inc.

Since 1997, Javasky has carefully selected and mentored a team who all share a common investment philosophy, and who have become integral and full practitioners of the Ivy investment style. That team includes:

• Paul Musson, CFA, who joined the Ivy team in February, 2000 and has 14 years investment experience
• Stephanie Griffiths, CFA, who joined in May, 1997, and has 13 years of investment experience
• David Arpin, CFA, who joined in July, 2000 and has 13 years of investment experience
• Abe Gottesman, CFA, who joined in July 2001 with 5 years of previous financial experience, and
• Matt Moody, CFA, who joined in November, 2005, with 4 years of financial experience.

Mackenzie’s Ivy team will continue to follow its distinct investment approach for the benefit of Canadian investors over the long term.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $54.7 billion in assets under management as at December 31, 2008, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s premier financial services companies with $101 billion in total assets under management as at December 31, 2008.

¹The applicable funds for this release are: Mackenzie Ivy Canadian Fund, Mackenzie Ivy Canadian Class, Mackenzie Ivy Growth & Income Fund , Mackenzie Ivy Foreign Equity Fund, Mackenzie Ivy Foreign Equity Class, Mackenzie Ivy Global Balanced, Mackenzie Ivy American Class, Mackenzie Focus Class, Mackenzie Focus Canada Fund, Mackenzie Focus Canada Class, Mackenzie Focus International Class

For more information contact:
Catharine Marion
Environics Communications
416-969-2809
cmarion@environicspr.com