TORONTO, ONTARIO--(Marketwired - Aug. 11, 2014) - Redwood Asset Management Inc. is pleased to announce the launch of the Redwood Global Equity Strategy Class and the appointment of Richard Bernstein Advisors LLC (RBA) as sub-advisor.
Redwood is a Toronto-based investment fund manager focused on partnering with specialist global investment boutiques and bringing unique investment mandates to Canadians.
RBA is an independent investment management firm based in New York, New York, with approximately $3.5 billion in assets under management/advisement. RBA's founder, Richard Bernstein, is a much-noted expert on equity, style and asset allocation investing. Prior to founding RBA, he served as the Chief Investment Strategist at Merrill Lynch & Co. Mr. Bernstein was voted to Institutional Investor magazine's annual "All-American Research Team" eighteen times, and is one of the forty-nine analysts inducted into the Institutional Investor "Hall of Fame."
"Richard Bernstein and his team have built a formidable firm, with excellent investment pedigree and results. Their research-intensive, unconstrained quantitative global investment approach fits well into the stable of specialist investment boutiques who manage our unique fund offerings," said Peter Shippen, Redwood's President.
"We are pleased to partner with Redwood as we look to grow RBA's franchise outside of the United States. Our unique investment approach fits well into Redwood's product offerings, and we look forward to this opportunity to serve Canadian clients and advisors," said Richard Bernstein, CEO and CIO of RBA.
The Redwood Global Equity Strategy Class is unconstrained from geographic, market cap and sector limitations, and looks to profit from the investment themes identified by RBA. The investment strategies of the fund will be revised to reflect the approach taken by RBA. Please refer to the fund's simplified prospectus for further information. Redwood Global Equity Strategy Class is available through all major investment dealers. Please call your investment advisor for more information or visit www.redwoodasset.com.