VANCOUVER, Dec. 2, 2013 /CNW/ - OceanRock Investments Inc. (OceanRock)
announced today that the sub-adviser of the Meritas US Equity Fund
shifted to ClearBridge Investments, LLC (ClearBridge) from Legg Mason
Canada Inc. ClearBridge and Legg Mason Canada Inc. are both members of
Legg Mason Global Asset Management, therefore, the current management
team and investment process for the Meritas US Equity Fund remain
intact and unchanged.
About ClearBridge Investments, LLC
ClearBridge Investments is a well-established global equity manager
focusing on proprietary research and fundamental investing. With more
than 45 years of experience building portfolios for clients,
ClearBridge is a member of Legg Mason Global Asset Management, one of
the world's largest asset managers. Headquartered in New York,
ClearBridge is committed to delivering long-term results through active
management, where risk management is integral to the investment
process. ClearBridge has a long-term commitment to screening in the
areas of environmental, social and governance (ESG), active company
engagement and shareholder advocacy.
About Legg Mason Global Asset Management
Legg Mason is a global asset management firm with U$670 billion in
assets under management as of October 31, 2013. It provides active
asset management in many major investment centres worldwide. Legg Mason
is headquartered in Baltimore, Maryland, and its common stock is listed
on the New York Stock Exchange (symbol: LM).
About OceanRock Investments Inc.
OceanRock Investments Inc. ("OceanRock") is one of Canada's
fastest-growing investment management organizations, offering a full
range of managed portfolio solutions and individual funds to meet the
needs of individual and institutional investors. OceanRock is dedicated
to offering disciplined, risk-controlled diversified investment
solutions to Canadian individual and institutional investors and has a
core commitment to socially responsible investing (SRI) through its
Meritas SRI Funds.
OceanRock Investments Inc. is a wholly owned subsidiary of Qtrade
Financial Group, a national, award winning integrated financial
services company with more than C$7.5 billion in assets under
management and administration as at December 31, 2012. Since 1999,
Qtrade Financial Group has provided wealth management services to the
retail public and the customers of more than 180 financial
institutions, including credit unions, banks, trust companies and
financial planning companies across Canada.
SOURCE: Qtrade Financial Group
For further information:
Vice President, Marketing &
Qtrade Financial Group