TORONTO, June 30, 2015 /CNW/ - CIBC Asset Management Inc. (CAM) today
announced a portfolio sub-advisor change to further strengthen its
Renaissance family of funds. This change will take effect on or about
August 14, 2015.
Connor, Clark & Lunn Investment Management Ltd. (CC&L) has been
appointed as portfolio sub-advisor for Renaissance Millennium High
Income Fund. The fund's name will also change to Renaissance High
"CAM is dedicated to continually monitoring our product line-up in order
to deliver enhanced performance and risk-adjusted returns to our
clients," said David Scandiffio, President and CEO, CIBC Asset
About CC&L: Established in 1982, CC&L is one of Canada's largest independent
partner-owned money management firms. The firm offers a diverse array
of investment services including equity, fixed income, balanced and
alternative solutions including market-neutral and high-income
strategies. With offices in Vancouver and Toronto, CC&L provides
professional management of financial assets for pension fund sponsors,
capital accumulation plans, corporations, not-for-profit organizations,
First Nations, mutual funds and individual investors.
CIBC Asset Management, Inc. (CAM), the asset management subsidiary of
CIBC, provides a range of high-quality investment management services
and solutions to retail and institutional investors. CAM's offerings
include: a comprehensive platform of mutual funds, strategic managed
portfolio solutions, discretionary investment management services for
high-net-worth individuals, and portfolio management for institutional
clients. CAM is one of Canada's largest asset management firms, with
over $110 billion in assets under management as of April 30, 2015.
For further information:
Media contact: Kevin Dove, Head, External Communications and Media Relations, at 416-980-8835 or e-mail: firstname.lastname@example.org.