Gestion Ferique, manager of the Ferique Funds, has State Street Global Advisors, Ltd. (SSgA) as portfolio adviser of the Ferique BOND Fund, replacing Addenda Capital Inc., the company reported Friday.

The appointment takes effect Dec. 2.

SSgA has nearly $2 billion invested in “Index Plus” bond mandates. Behind the firm’s success in this asset class is a team of leading Canadian bond managers, supported by a team of global credit analysts specializing in various bond market sectors, Gestion Ferique said.

“We are committed to providing our clients with access to leading investment advisers, as well as high-quality products that carry a reasonable level of risk. All our managers go through a rigorous selection process and are hand picked for their expertise in specific asset classes”, explained Fabienne Lacoste, executive director of Gestion Ferique, in a release.

“SSgA is a well-known firm with its Canadian head office located in Montreal. We are delighted to add them to our line-up of external managers,” added Lacoste.