Rockland Trust starts 2 mutual funds

HANOVER, Mass. – The Rockland Trust Co. has formed a new investment management subsidiary and launched two mutual funds.
Bright Rock Capital Management LLC will manage the funds, Bright Rock Quality Large Cap and Bright Rock Mid Cap Growth.
Rockland Trust, subsidiary of Rockland, Mass.-based Independent Bank Corp., said Bright Rock will offer separately managed accounts as well as mutual funds. Rockland Trust’s and Bright Rock’s combined assets under management exceed $1.3 billion, the bank said.
Bright Rock’s products will be available to the global institutional investment market, executives said.
“Consistent with the Rockland Trust commitment to excellence on behalf of our clients, we have established Bright Rock to ensure that our clients receive the full focus and attention of the organization, specific to their areas of need,” said David Smith, Bright Rock’s chief investment officer. “In Bright Rock, we see an opportunity to provide institutional investors with direct access to industry-leading and highly focused investment management capabilities across the U.S. equity markets and beyond.”
Rockland Trust Co. is a subsidiary of Independent Bank Corp., a full-service community bank with assets of $3.6 billion that serves southeastern Massachusetts, Cape Cod and Rhode Island. Rockland Trust has 63 retail branches, nine commercial lending centers, five mortgage-origination offices and four investment-management offices, one of which is in Rhode Island. Additional information is available at www.RocklandTrust.com .