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.
For further information:
Deanna Allen, VP, Marketing & Communications, 514-227-7710