New Retail Trade Name for Brandes in Canada Captures Combination of Three High-caliber Asset Managers
TORONTO, May 30, 2013 /CNW/ - Presenting Bridgehouse Asset Managers (Bridgehouse) - the new retail trade name for Brandes Investment Partners & Co. (Brandes) and a powerful signal of the expanded offering of high-calibre investment solutions from three world-class asset managers.
Bridgehouse provides access to investments from Brandes Investment Partners. L.P. (Brandes LP), Sionna Investment Managers Inc. (Sionna) and Lazard Asset Management (LAM). Operating from Brandes' Toronto offices, Bridgehouse will provide investment solutions and services to Canadian investors and financial advisors.
"Bridgehouse offers robust solutions from three world-class asset managers: Brandes LP, Sionna and LAM," says Bridgehouse President and COO, Carol Lynde. "The Bridgehouse brand creates a powerful distinction between the investment management of our solutions and our marketing efforts in Canada. Bridgehouse is about providing direct access - the bridge - to these managers to financial advisors and their clients."
Bridgehouse branding is reflected in the firm's new website, www.bridgehousecanada.com, as well as in marketing efforts and investor reporting in combination with Brandes LP, Sionna and LAM branding.
As a related element of this branding reorganization, effective May, 29,
2013 the family of prospectus qualified mutual funds known as the
Brandes Funds are re-captioned as the Bridgehouse Funds and the
following specific mutual fund name changes are made:
|Current Fund Name||New Fund Name|
|Brandes Sionna Canadian Equity Fund||Sionna Canadian Equity Fund|
|Brandes Sionna Canadian Balanced Fund||Sionna Canadian Balanced Fund|
|Brandes Sionna Monthly Income Fund||Sionna Monthly Income Fund|
|Brandes Sionna Canadian Small Cap Equity Fund||Sionna Canadian Small Cap Equity Fund|
|Brandes Sionna Diversified Income Fund||Sionna Diversified Income Fund|
Note that there is no change to the investment objectives or strategies of these or any of the Bridgehouse Funds.
"Bridgehouse Asset Managers has established a unique and collaborative model that is enduring and trustworthy," says Brandes CEO Oliver Murray. "We have built a solid, proven structure that creates the stability investors and advisors are seeking by aligning the long-term interests of all parties. We believe 'Bridgehouse' properly captures the enduring nature of our relationships with Sionna and LAM."
More information about Bridgehouse Asset ManagersTM is available from: www.bridgehousecanada.com.
About Brandes Investment Partners & Co.
Brandes Investment Partners & Co. is the Toronto-based manager of the Bridgehouse Funds and affiliate of Brandes Investment Partners, L.P., of San Diego, California (Brandes), which is a sub-advisor to certain Bridgehouse Funds. Brandes is a leading global investment advisory firm, managing assets for institutional and private clients worldwide, including assets for Canadians in separate accounts, wrap, private client investors and through the Bridgehouse Funds. Bridgehouse Asset ManagersTM is a trade name of Brandes Investment Partners & Co. For more information on Brandes Investment Partners & Co., visit: www.bridgehousecanada.com.
About Sionna Investment Managers
Sionna Investment Managers is an active Canadian value manager, specializing in a relative value approach that takes into account Canada's overweighting in cyclical and resource stocks. Sionna's relative value approach aims for diversification to balance out market skews and offer downside protection for clients. Sionna invests on behalf of institutional clients, such as foundations, endowments and pension funds and separately managed accounts for high net worth individuals. For more information, visit www.sionna.ca.
About Lazard Asset Management
LAM Canada and LAM LLC are indirect subsidiaries of Lazard Ltd (NYSE: LAZ), one of the world's preeminent financial advisory and asset management firms. Lazard operates from 40 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, government and individuals. As of March 31, 2013 LAM and affiliated asset management companies managed US$ 172 billion worth of client assets. For more information on Lazard, please visit www.lazard.com.
Brandes Investment Partners & Co. operating as Bridgehouse Asset Managers (Bridgehouse) is the manager of the Bridgehouse Funds. Units of the Bridgehouse Funds are available through registered dealers only and not available through Bridgehouse. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE Bridgehouse Asset Managers
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