TSX Symbol: CIX
TORONTO, April 20 /CNW/ - CI Investments Inc. ("CI") today announced the
appointment of highly regarded portfolio managers Robert Swanson and
Brandon Snow to its Cambridge Advisors investment team.
"Bob Swanson and Brandon Snow are high-calibre managers with outstanding
track records and we are delighted to appoint them as Portfolio
Managers to the Cambridge team," said Derek J. Green, President of CI
Mr. Swanson's investment career spans 27 years, with extensive
experience in managing Canadian and global equity, income and balanced
portfolios. 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, his funds have won an impressive
seven Lipper Fund Awards, which recognize funds that have excelled in
delivering consistently strong risk-adjusted performance, relative to
Mr. Snow has eight years of investment management experience. Prior to
joining CI, he was portfolio manager of two Canadian-focused equity
funds with a total of $1.7 billion in assets. His large-cap fund was
the winner of a Lipper Fund Award in 2010.
Boston-based Cambridge Advisors was founded in January 2008 and manages
approximately $2.3 billion in assets. The team is led by Chief
Investment Officer Alan Radlo. As lead manager of the three existing
Cambridge funds, Mr. Radlo has produced excellent returns on behalf of
"With the addition of Bob and Brandon, the Cambridge team will present a
powerful lineup of top-ranked investment talent," Mr. Green said. "To
offer the full range of their award-winning expertise to Canadian
investors, we will soon be launching additional funds under the
"We are thrilled to be reunited with Alan and to have the opportunity to
build on the strong foundation he has established at Cambridge," said
Mr. Swanson. "We are looking forward to expanding the resources of the
Cambridge team and establishing a new group of funds with the support
of CI, one of Canada's largest investment managers."
The three managers worked together as part of the Canadian investment
team at their previous firm, a U.S.-based investment company. In 21
years at the firm, Mr. Radlo managed various Canadian, American and
global portfolios, before leaving in December 2006.
At that company, Mr. Swanson was leader of the firm's Canadian asset
allocation team and lead manager of several funds, including a Canadian
asset allocation fund, a monthly income fund, an income allocation fund
and a dividend fund. He also managed a number of institutional equity
mandates, including a Canadian equity mandate that was noted for its
risk-adjusted returns. Prior to joining that firm in 1999 as a U.S.
equity portfolio manager, Mr. Swanson spent 10 years at Bank of America
Investment Advisors, where 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 designation.
Mr. Snow joined his previous firm in 2003 as a Canadian equity research
analyst. He was later appointed manager of a large cap equity fund and
a growth fund. He holds a BA in economics and financial management from
Wilfrid Laurier University.
The Cambridge funds have produced strong returns relative to peers and
their benchmarks over the three years since inception (December 31,
2007). Their returns as of March 31, 2011 are as follows:
Cambridge Canadian Equity Corporate Class
Cambridge Canadian Asset Allocation Corporate Class
Cambridge Global Equity Corporate Class
CI Global Holdings Inc., a subsidiary of CI, operates in Boston, Mass.,
as Cambridge Advisors. 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 $98.9 billion
in assets as of March 31, 2011.
Commissions, trailing commissions, management fees and expenses may be
associated with mutual fund investments. Please read the prospectus
before investing. The indicated rates of return are the historical
annual compounded total returns including changes in unit value and
reinvestment of all distributions and do not take into account sales,
redemption, distribution or optional charges or income taxes payable by
any unitholder that would have reduced returns. Mutual funds are not
guaranteed, their values change frequently and past performance may not
be repeated. 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 Investments Inc.
For further information:
Derek J. Green, President
CI Investments Inc.