Rule out at least one potential white knight from riding to the rescue of Canadian fund manager Mackenzie Financial. AGF Management has denied that it is interested in purchasing the firm that was put in play after a hostile bid from C.I. Fund Management.

Another potential bidder for the firm, its partial owner, AIC has declined to comment on whether it will make a bid of its own, according to Reuters.

Toronto-based AGF, which manages C$28 billion in assets, said that contrary to published reports it has not hired TD Securities or any other investment advisor to assist a bid for Mackenzie.

"AGF is currently focused on the successful completion of the Global Strategy acquisition, which will reinforce our position as a top-tier player in the Canadian fund industry," said Blake Goldring, AGF president and chief executive, in a statement.  

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