Socially responsible investing firm Meritas Mutual Funds Inc., based in Cambridge, Ont., has appointed Davis Advisors as sub-advisor to Meritas U.S. Equity Fund, effective Jan. 3. New York-based Davis has a number of institutional and private clients with SRI guidelines and mandates, Meritas says. “[Davis] is an excellent manager, and last year it was runner-up for Morningstar [Research Inc.]’s [U.S.] Manager of the Year award,” says Gary Hawton, CEO of Meritas. Davis replaces Indiana-based MMA Capital Management, which was “not performing to our expectations,” Hawton says.