09.12.2010 19:21:00
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Bright Rock Capital Management LLC Exceeds $100M in AUM
Bright Rock Capital Management, LLC (Bright Rock) a wholly owned subsidiary of Rockland Trust Company dedicated to institutional investment management, is pleased to announce that it has exceeded $100 million in assets under management as of December 9th, 2010.
Rockland Trust and Bright Rock Capital Management combined assets under management currently exceed $1.5 billion, and include investment management products across the US equity and fixed income markets. In hitting this milestone for Bright Rock Capital Management’s strategies, which include its Mid Cap Growth strategy in separately managed account (SMA) and mutual fund format, its Small Cap Growth strategy in SMA format, and its Quality Large Cap strategy in SMA and mutual fund format, Rockland Trust has reaffirmed its focus on providing institutional investors with access to best of breed products managed by the firm. Supported by the $4.7 billion Rockland Trust infrastructure and resources, Bright Rock Capital Management’s investment management team averages 25 years of experience and maintains a strong and growing track record across a series of US equity long only investment styles.
Bright Rock Capital Management was formed in January 2010 and was granted the status of Registered Investment Advisor in February of 2010. In conjunction with US Bank, Bright Rock launched two mutual funds in May of 2010. "In reaching this important milestone in less than one year of operation, Bright Rock Capital Management, is demonstrating its value proposition to the marketplace. We believe our combination of long-tenured investment management professionals, strong up/down capture profiles, and compelling US equity traditional long only product structures, are consistent with the needs of the market. At Bright Rock, we are delivering on the opportunity we see to provide institutional investors with direct access to industry leading and highly focused investment management capabilities across the US equity markets and beyond, and the market is responding with great interest,” noted David B. Smith, CFA, the firm’s Chief Investment Officer.
Bright Rock offers both separately managed account solutions and mutual fund solutions. Critical to the needs of large institutions, Bright Rock has the capacity to customize mandates across the US equity spectrum, with specific focus on the Mid Cap Growth, Small Cap Growth and Quality Large Cap areas of the market, among others.
For further information, visit www.brightrockcapital.com.
About Bright Rock Capital Management LLC
Bright Rock Capital Management, LLC is a wholly-owned subsidiary of Rockland Trust Company. The firm’s sole focus is providing institutional quality investment management services to institutional and high-net worth clients. The firm employs a fundamentally based investment philosophy and a highly disciplined investment management process. Bright Rock is a registered investment advisor. For further information, visit www.brightrockcapital.com.
About Rockland Trust Company
Rockland Trust Company is the largest commercial bank headquartered in Massachusetts with assets of $4.7 billion. Rockland Trust is the sole banking subsidiary of Independent Bank Corp. (NASDAQ: INDB). Investing assets for individuals, businesses, and not-for-profit organizations since 1907, Rockland Trust maintains four Investment Offices in Attleboro, MA; Hanover, MA; Osterville, MA and Lincoln, RI. One of the Greater Boston Area’s Largest Independent Investment Advisors, Rockland Trust has a Green 3 Star ranking, Veribanc’s highest ranking, and was voted one of the Top 100 Places to Work by the Boston Globe for the past two years.
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