TSX Symbol: CIX
TORONTO, Sept. 20, 2011 /CNW/ - CI Investments Inc. ("CI") today
announced that Portfolio Manager Robert Swanson has joined its
Cambridge Advisors investment team.
Mr. Swanson has over 27 years of investment experience. At his previous
firm, he was lead portfolio manager of several mutual funds with
combined assets under management exceeding $20 billion. In the past two
years, the funds he previously co-managed won an impressive seven
Lipper Fund Awards, which recognize funds that have excelled in
delivering consistently strong risk-adjusted performance, relative to
"Bob is an accomplished investment professional and a high-calibre
addition to an outstanding portfolio management team," said Derek J.
Green, CI President.
At Cambridge, Mr. Swanson is working with a team led by Chief Investment
Officer Alan Radlo and Portfolio Manager Brandon Snow. The move
reunites the three managers, who worked together at another fund
company as key members of its Canadian investment team.
"The Cambridge managers possess exceptional talent and experience and
have delivered strong results," Mr. Green said. "We are pleased to
offer Canadian investors this high level of investment expertise
through the Cambridge family of funds."
Cambridge Advisors, a division of CI with offices in Boston and Toronto,
manages over $2 billion in assets. It was founded in January 2008 under
the direction of Mr. Radlo. He has over 28 years of investment
management experience and has, with the Cambridge funds, delivered
excellent returns relative to the benchmarks and peer groups.
Mr. Snow joined Cambridge in April 2011. His prior experience includes
managing two Canadian-focused equity funds with a total of $1.7 billion
in assets. One of the funds was the winner of a Lipper Fund Award in
At his prior firm, Mr. Swanson was portfolio manager of several
institutional equity mandates and retail mutual funds, including a
Canadian asset allocation fund, a monthly income fund, an income
allocation fund and a dividend fund. Prior to joining that firm in
1999, Mr. Swanson spent 10 years at Bank of America Investment
Advisors, where he was a senior portfolio manager. His experience also
includes positions at ABN-Amro and Merchandise National Bank. He holds
a bachelor's degree in finance from Northern Illinois University, an
MBA from Northwestern University and the Chartered Financial Analyst
Cambridge Advisors is the business name of CI Global Holdings Inc., a
subsidiary of CI. Certain portfolio managers of Cambridge Advisors are
registered with CI.
CI Investments Inc. is one of Canada's largest investment management
companies. It 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
approximately $92.7 billion in assets as of August 31, 2011.
The Lipper Fund Awards are part of the Thomson Reuters Awards for
Excellence, a global family of awards that celebrate exceptional
performance throughout the professional investment community. The
Thomson Reuters Awards for Excellence recognize the world's top funds,
fund management firms, sell-side firms, research analysts, and investor
relations teams. For more information, visit excellence.thomsonreuters.com.
SOURCE CI Financial Corp.
For further information:
Derek J. Green
CI Investments Inc.