Morningstar to manage retail assets for Bridgehouse

Morningstar Canada 11 August, 2016 | 5:00PM
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Mutual-fund company Bridgehouse Asset Managers announced today it has reached an agreement to add Morningstar to its roster of third-party investment managers. No details were released on the fund or funds, subject to regulatory approval, that Morningstar will manage for Bridgehouse, a trade name of Brandes Investment Partners & Co.

"Morningstar is an excellent complement to the existing managers already on the Bridgehouse platform," said Carol Lynde, president and chief operating officer of Toronto-based Bridgehouse, in a release.

The new relationship with Morningstar will bring to five the number of managers on the Bridgehouse platform, in addition to Brandes Investment Partners, L.P., Greystone Managed Investments Inc., Lazard Asset Management (Canada), Inc. and Sionna Investment Managers Inc.

Under terms of the collaboration between Bridgehouse and Morningstar, investment management will be carried out by Toronto-based Morningstar Associates Inc., a registered portfolio management firm in Canada that is a unit of the Morningstar Investment Management Group.

"Morningstar is a mission-driven company, and our work with Bridgehouse is a great way for us to deliver on our mission of helping investors," said Scott Mackenzie, CEO of Morningstar Canada, in the Bridgehouse release. "As we collaborate with Bridgehouse on future investment solutions, we will draw on our extensive global resources and local expertise to meet the needs of Canadian investors and their advisors."

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