VANCOUVER, April 10, 2015 /CNW/ - Effective immediately, OceanRock Investments Inc. (OceanRock) has made a change to its sub-adviser line-up. OceanRock has hired AllianceBernstein L.P. (AB) as the sub-adviser to the Meritas International Equity Fund.
"After a thorough due diligence process, we are very pleased to appoint a sub-adviser with the global reach and perspective of AB," said OceanRock Chief Investment Officer Manmeet Bhatia, CFA. "We believe AB's strategy is constructed to perform well in a variety of market environments, which will help provide our investors with down-side protection during volatile markets."
With more than 40 years' experience managing global investments, AB has cultivated a deep commitment to comprehensive and superior investment research. AB manages over US$470 billion and employs more than 200 in-house analysts around the globe to seek out the best investment opportunities. The firm maintains an unwavering focus on delivering strong performance and is committed to responsible investing; in fact, responsible investing is integral to how AB defines its fiduciary obligation to helping clients achieve long-term investment objectives.
According to Bhatia, "Our due diligence process involves seeking high quality investment managers who enhance the overall risk and return profile of our investment solutions. With AB, we identified a global company with investment professionals around the world, one that matches our philosophy and complements our line-up of Canadian and U.S. managers in the Meritas fund family."
The addition of AB's investment management expertise bolsters OceanRock's commitment to provide focused, relevant solutions to investors and advisors. This change also reflects OceanRock's disciplined investment philosophy and its diligent process for selecting exceptional sub-advisers and carefully monitoring their performance.
For more information, please visit: www.oceanrock.ca
About OceanRock Investments Inc.
OceanRock Investments Inc. is one of Canada's fastest-growing investment management organizations, managing over one billion dollars on behalf of Canadian investors. OceanRock offers 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 fully owned subsidiary of Qtrade Financial Group.
SOURCE Qtrade Financial Group
For further information: Ron Cann, Vice President, Marketing & Communications, Qtrade Financial Group, T: 778.331.2056, E: [email protected]