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
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