TSX Symbol: CIX
TORONTO, April 4, 2017 /CNW/ - CI Investments Inc. ("CI") today announced portfolio management changes affecting a number of funds.
Cambridge Global Asset Management, a division of CI, has been named portfolio advisor to US Equity Alpha Corporate Class and to a portion of the following multi-manager funds: Select U.S. Equity Managed Corporate Class, Select U.S. Equity Managed Fund, Select International Equity Managed Corporate Class, and Select International Equity Managed Fund. The award-winning Cambridge team oversees in excess of $20 billion in a diverse lineup of mandates, including U.S. and international equity funds, and has achieved strong results for investors since its founding in 2008. Cambridge's 15-person investment team operates from offices in Toronto and Boston.
US Equity Alpha Corporate Class is part of the Evolution Private Managed Accounts and other managed solutions offered by CI through advisors with Assante Wealth Management and Stonegate Private Counsel. The Select mandates are multi-manager pools in CI's award-winning Portfolio Select Series program. The changes to the U.S. funds are effective on or about June 15, 2017 and the changes to the Select International Equity Managed funds are effective on or about April 15, 2017.
Cambridge is replacing Tetrem Capital Management as portfolio advisor to US Equity Alpha Corporate Class and portions of Select U.S. Equity Managed Corporate Class and Select U.S. Equity Managed Fund. Tetrem continues to manage a number of mandates for CI, including CI Canadian Investment Fund and CI Canadian Investment Corporate Class.
In addition, as part of CI's efforts to streamline its fund lineup, Altrinsic Global Advisors has been named portfolio sub-advisor to Signature International Fund and Signature International Corporate Class, and the funds will be renamed CI International Fund and CI International Corporate Class, respectively. These changes will be effective on or about April 15, 2017. Altrinsic is a $10-billion investment boutique specializing in global equity investing and is also sub-advisor to CI International Value Fund, an international equity fund.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, 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 $160.5 billion in assets as of March 31, 2017.
Cambridge Global Asset Management is a division of CI Investments Inc. Certain funds associated with Cambridge Global Asset Management are sub-advised by CI Global Investments Inc., a firm registered with the U.S. Securities and Exchange Commission and an affiliate of CI Investments Inc.
SOURCE CI Financial Corp.
For further information: Murray Oxby, Director, Communications, CI Investments, (416) 681-3254