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Prayer Vigil Tonight at Six Steps for George Koutroubis

The search continues for our good friend and relative George Koutroubis.

We are hosting a prayer vigil TONIGHT at Six Steps Restaurant at 6:00pm. We are asking anyone to join us at 55 Colborne Street whether you pray or not, whether you know him or not, or whether you simply can be here to support those involved.

I’m calling anyone we know to join us tonight and lift our thoughts and concerns to our God. Please…if you can be here then do just that. It’s time put aside anything other then our friend and relative George Koutroubis and ask that God will provide wisdom, strength and clarity to those involved.

Thank you in advance for your continued prayers and support.

Chris & Elisseos

Help Find GEORGE KOUTROUBIS

Although this is not a typical post for us, we are calling on all of you for your help and support.

A good friend of ours has been missing since Tuesday. He was last spoken too around 4:00pm and last seen around 7:30am that same morning. I have attached the press release below and a link to the official report on www.cp24.com can be found here with a picture as well: http://www.cp24.com/servlet/an/local/CTVNews/20090218/090218_missing_man/20090218/?hub=CP24Home

MISSING PERSONS REPORT: 

The family and friends of a missing Toronto restaurant owner have launched a massive online and in-person search for the missing man.

George Koutroubis, owner of Six Steps Restaurant on Colbourne Street, was last seen on Tuesday at 7:30 a.m. near Front Street and Blue Jays Way, police say.

However, friends of the missing man say they have received reports he contacted someone from his cellphone later that day while driving in Whitby.

The 36-year-old is described as white, five foot eleven and 230 pounds with brown eyes and short, black, receding hair. He was last seen driving a black, 2008 BMW X5 with Ontario licence plate BCSS 209.

Police say they are concerned for his safety, and his friends have organized a search in areas of Toronto and Whitby. They are posting up-to-date information on Twitter in hopes that the site’s users will have information on his whereabouts.

According to the Twitter posts, Koutroubis’ vehicle also remains missing. It is reportedly decorated with a Pittsburgh Steelers license plate border.

Six Steps is an upscale Italian restaurant located near Yonge and King Streets. It has been open since 2007.

Anyone with information is asked to contact Crime Stoppers anonymously at 416−222−TIPS (8477).

Canadian Fund Managers Outperform

Does it really pay to invest in mutual funds? Apparently, it does.

According to a recent report, Canadian Fund Managers outperformed the S&P/TSX in the final quarter of 2008. That is especially important considering it was one of the worst three month periods in market history. Although the difference was small, specifically a -22.71% return for the index versus a -21.67% return for active Managers, the news is still quite positive. In fact, over 50% of active Managers were in this category of “outperformers”, while in previous periods that number was as low as 11.2% to 22.0%.

Your Take-Away: There is no question that you are probably thinking that this news is not overwhelmingly positive considering that the markets still fell quite steeply and that it is the first time in a long time that so many Managers beat the index. I agree.

That said, what I do think is important is that although the majority of Fund Managers may not have beaten the index in the past, there are still many that do. What that says to me is that the Managers you choose to invest with need to be well researched and have some form of proven track record. If in fact you happen to find one of these great Manager’s, you can unquestionably justify that there are times when Mutual Fund’s are worth their price tag.

One great place to start in terms of researching both the fund you are being recommended as well as the Manager who is responsible for it is www.morningstar.ca. I have used that many times myself and I’m confident that you will find this resource quite useful for your own due diligence.

Until next time, have a Wonderful Wednesday!

Chris