TORONTO, April 17, 2018 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) announced today that Neuberger Berman Investment Advisers LLC (“Neuberger Berman”), New York, New York, has replaced Voya Investment Management Co. LLC (“Voya”) as sub-advisor to the Redwood Floating Rate Income Fund (TSX:ISL.UN) and Redwood Floating Rate Bond Fund (TSX:IFL.UN) (the “Funds”).
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 20 countries, Neuberger Berman’s team is more than 1,900 professionals. For five consecutive years, the company has been named to Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages US$299 billion in client assets as of March 31, 2018. For more information, please visit Neuberger Berman’s website at www.nb.com.
About Purpose
Purpose is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $4.9 billion in assets under management and currently offers 50 exchange traded funds and mutual funds and 16 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
For further information please contact:
Nancy Turner
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to U.S. newswire services.