CI welcomes award-winning portfolio manager Roger Mortimer to Harbour Advisors
TSX Symbol: CIX
TORONTO, Sept. 24, 2013 /CNW/ - CI Investments Inc. today announced the addition of veteran portfolio manager Roger Mortimer to the Harbour Advisors investment team and the retirement of Harbour's Gerry Coleman, one of Canada's premier fund managers.
"I have had a fantastic time working with CI Investments over the past 16 years," said Mr. Coleman. "Together we have built Harbour Advisors to a leading position in the Canadian mutual fund industry. The Harbour team is a strong, cohesive group of talented and disciplined investment professionals. Under the leadership of Stephen Jenkins and newly hired Roger Mortimer, I am confident that going forward Harbour will continue to flourish."
"Under Gerry's guidance, Harbour achieved a truly impressive track record," said Derek J. Green, President of CI Investments. "Harbour's accomplishments were recognized on many occasions, including Harbour Fund being named Best Canadian Equity Fund in 2002 and 2008 at the Morningstar Canadian Investment Awards, and Harbour Growth & Income Fund being named Best Canadian Balanced Fund in 2006 and 2008. Gerry also has the distinction of being one of the few portfolio managers to be honoured twice as Morningstar's Fund Manager of the Year, in 2001 and 2008, and being named money manager of the decade by the Globe and Mail in 2010."
"CI thanks Gerry for his years of service and dedication and his great contribution to the success of Harbour and CI," Mr. Green said.
Effective October 1, 2013, Mr. Mortimer has been appointed Lead Portfolio Manager of Harbour Growth & Income Fund, Harbour Growth & Income Corporate Class and Harbour Global Growth & Income Corporate Class. He will be based in Toronto and work closely with Stephen Jenkins, Senior Vice-President and Senior Portfolio Manager, and other members of Harbour Advisors. Mr. Jenkins will continue as Lead Portfolio Manager of Harbour Fund and Harbour Corporate Class, and will become Lead Portfolio Manager of Harbour Global Equity Corporate Class. Mr. Jenkins will be backed up on his funds by Mr. Mortimer and, at the same time, Mr. Mortimer will be backed up by Mr. Jenkins.
"Roger Mortimer is an experienced and successful value investor with a history of market outperformance and consistency of results," said Mr. Green. "He is an excellent fit with the Harbour team, which has established an impressive reputation as one of Canada's leading value-based investment teams."
"I am very excited to be joining CI Investments and the Harbour group," Mr. Mortimer said. "Over the past 16 years, Harbour has provided investors with consistent, above-average returns and I look forward to working with the team to build on this excellent record."
Mr. Mortimer has 18 years of investment experience, including managing Canadian and global equity and income portfolios at Capital Group and AIM Investments (now Invesco). He is best known for his management of AIM Canadian First Class (now Trimark Canadian Class), which significantly outperformed the benchmark S&P/TSX Composite Index and its peer group during his tenure.
"This appointment illustrates CI's commitment to enhancing our investment expertise," said Mr. Green. "Recently, we have hired additional portfolio managers for Cambridge Global Asset Management, Signature Global Asset Management, and Harbour. As one of Canada's largest investment firms, CI attracts top-ranked talent such as Roger Mortimer, and has assembled one of the country's finest lineups of portfolio management teams."
Prior to joining CI, Mr. Mortimer was Managing Director of Parador Asset Management, a company he founded in 2009. From 2005 to 2009, he was a Vice-President and Portfolio Manager in the Canadian operations of Capital Group Companies, a Los Angeles-based investment management firm.
From 1997-2005, Mr. Mortimer was a Senior Vice-President and Portfolio Manager at AIM Investments and a Global Partner of its parent firm AMVESCAP, where he managed in excess of $2 billion. He was the lead manager of several mutual funds for Canadian and U.S. investors, including Canadian equity, Canadian income equity, global equity, and global energy equity. Funds managed by Mr. Mortimer won numerous awards and achieved Morningstar five-star ratings in Canada and in the United States.
Harbour Advisors was founded in 1997 and has been led since inception by Mr. Coleman and Mr. Jenkins. The team manages seven funds with a total of $12.6 billion in assets under management (as of August 31, 2013).
Mr. Jenkins and Mr. Mortimer are supported by an experienced group of portfolio managers and research analysts. In recognition of their valuable contributions to the team, Portfolio Managers Aleksy Wojcik and Phil D'Iorio will take on increased responsibilities in assisting the senior portfolio managers on the funds. Mr. Wojcik and Mr. D'Iorio also will continue as portfolio managers of Harbour Voyageur Corporate Class, while Doug Cooper has been promoted to Portfolio Manager of Harbour Voyageur.
Mr. Mortimer will be employed by CI Global Investments Inc., a wholly owned subsidiary of CI.
About CI - Canada's Investment Company
CI Investments Inc. is one of Canada's largest investment management companies. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $108.8 billion in assets as of August 31, 2013.
Morningstar Awards © Morningstar Inc. All Rights Reserved. Awarded to Harbour Fund for Best Canadian Equity Fund, 2002, 2008. Awarded to Harbour Growth & Income Fund for Best Canadian Balanced Fund, 2006, 2008.
SOURCE CI Investments Inc.For further information:
Derek J. Green