VANCOUVER, April 9, 2013 /CNW/ - OceanRock Investments Inc. (OceanRock) today announced that Aegon Capital Management Inc. (Aegon) and Fiera Capital Corporation (Fiera) will take over the sub-adviser role of the Meritas Canadian Bond Fund. This change stems from OceanRock's commitment to delivering a consistent performance experience, with an eye to risk mitigation, by partnering with some of the industry's best money managers who share its disciplined, risk-controlled investment philosophy.
"Our team of experts performed a diligent search to find who we believe are the best managers to enhance yield and mitigate risk for our investors. With a credit mandate now added to the bond fund, this presents an attractive, diversified opportunity for investors struggling to find yield elsewhere, said Fred Pinto, CEO, OceanRock Investments Inc.
These new partnerships capitalize on Fiera's and Aegon's core capabilities, which balance duration management with credit analysis, effectively providing exceptional income and capital preservation solutions to investors.
OceanRock has made other changes that will strengthen its team of money managers. Aegon, in addition to managing the corporate/credit component of the Meritas Canadian Bond Fund, will take on the role of sub-adviser of the Meritas Money Market Fund. Sionna Investment Managers Inc., with $3.4 billion in total assets under administration, has been appointed sub-adviser of the OceanRock Canadian Equity Fund. The relative-value investment approach employed by Kim Shannon, a highly respected money manager, and her team, offers flexibility, low risk, and long-term value.
"Flexibility and opportunities for yield enhancement remain paramount to investors during this continuing period of historic low interest rates," said Manmeet Bhatia, chief investment officer, OceanRock Investments Inc. "I believe our investors will be even better positioned over a variety of different interest rate scenarios."
All changes take effect immediately.
About Aegon Capital Management Inc.
Established in 1994, Aegon Capital Management Inc. has been investing assets on behalf of Canada's top institutions, totalling more than C$8.8 billion across a variety of strategies. Aegon is a part of a global conglomerate managing more than US$300 billion in assets. Its parent company, Aegon N.V., headquartered in the Netherlands, is at the centre of an integrated international network of 1,100 investment-related professionals located in North America, Europe and Asia.
About Fiera Capital Corporation
Fiera Capital Corporation is a publicly traded, TSX-listed Canadian investment management firm offering unique capabilities in both traditional and absolute return investment strategies. It's one of a few independent investment firms providing extensive expertise in Canadian active and structured fixed income.
About Sionna Investment Managers Inc.
Sionna Investment Managers Inc. is an independent, employee-owned investment management firm investing on behalf of its institutional and private clients. Sionna's relative-value investment style is a low-risk approach that is focused on preserving capital and generating value-added returns long-term.
About 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 Investments Inc. 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 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 $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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