Vancouver-based OceanRock Investments Inc. has made several changes to its investment fund lineup that took effect on April 15. Toronto-based Barrantagh Investment Management Inc. replaces Aegon Capital Management Inc. as subadvisor to manage the equities income component of Meritas Strategic Income Fund. Aegon will continue to manage the short-term, fixed-income component of the fund. New York-based Lazard Asset Management LLC now is the subadvisor to OceanRock International Equity Fund, which previously was managed internally. Meritas Money Market Fund has changed its name to Meritas Strategic Income Fund and now offers investors targeted exposure to Canadian short-term, fixed-income and equities income securities. Management fees for the new structure will be 1.5% for A-class units and 0.85% for F-class units. (Previous fees are not comparable, as the investment structure has changed.) Effective April 1, Meritas Canadian Bond Fund lowered its management fees to 1.25% from 1.6% for A-class units and to 0.75% from 1.10% for F-class units.
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