BROCKHOUSE COOPER SELECTED BY NEW COVENANT FUNDS TO PROVIDE TEMPORARY ASSET MANAGEMENT SOLUTION

MONTREAL, Feb. 2 /CNW Telbec/ - Brockhouse & Cooper International, Inc., a wholly-owned subsidiary of Montreal-based Brockhouse & Cooper Inc.(Brockhouse Cooper), has been selected to manage the core equity allocation of the New Covenant Growth Fund (NYSE: NCGFX).   

The firm will provide its temporary asset management solution, giving the New Covenant Growth Fund domestic equity exposure while its advisor evaluates the overall asset allocation of fund. The solution will employ an optimization strategy which seeks to closely track risk characteristics and performance of the Standard & Poor's 500 index while also screening for stocks that meet New Covenant's criteria for socially responsible investment.

"New Covenant is a client of long-standing and a valued business partner. We are pleased to work with them on this mandate," said Patrick Belland, President of Brockhouse Cooper. 

In a recent news release, Paul H. Stropkay, the Chief Investment Officer of One Compass Advisors, the investment adviser to New Covenant Funds, said the temporary asset management solution will assist the fund in maintaining "a core allocation to a diversified portfolio of large cap domestic equities that is expected to closely track the broad market. We are confident in Brockhouse Cooper's ability and experience managing these types of portfolios."

Based in Jeffersonville, Indiana, New Covenant Funds is a family of faith-based mutual funds sponsored by the Presbyterian Foundation. 

Brockhouse & Cooper Inc. is a premium boutique firm offering integrated financial solutions, including investment consulting and management, transition management and securities trading to institutional clients, specialized investors, and investment managers. It is a wholly-owned subsidiary of Pavilion Investment House Ltd., a global financial services firm with offices in Canada, the UK and Israel.     

SOURCE Brockhouse

For further information:

Deanna Allen, VP, Marketing & Communications, 514-227-7710
dallen@brockhousecooper.com

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Brockhouse & Cooper Inc.

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