TORONTO, Feb. 23, 2015 /CNW/ - CIBC Asset Management Inc. (CAM) today
announced portfolio sub-advisor changes to further strengthen core
investment solutions. Changes will take effect on or about April 1,
"CAM is committed to bringing quality investment management expertise to
Canadian investors. We continually monitor our product line-up, seeking
to enhance performance and risk-adjusted returns for clients," said
Steve Geist, Senior Executive Vice-President and Group Head, CIBC
Wealth Management. "We are confident these enhancements will strengthen
our investment solutions."
Imperial International Bond Pool
Wellington Management Canada LLC (Wellington) has been appointed as a
portfolio sub-advisor for the Imperial International Bond Pool.
Wellington joins existing sub-advisor Brandywine Global Investment
Management, LLC (Brandywine). Also, the Imperial International Bond
Pool will be enhanced to obtain exposure to floating rate fixed income
securities by holding units of Renaissance Floating Rate Income Fund,
which is sub-advised by Ares Management LLC.
Imperial Canadian Equity Pool
Foyston, Gordon & Payne Inc. (Foyston) has been appointed as portfolio
sub-advisor for the Imperial Canadian Equity Pool. Foyston joins
existing sub-advisors Connor, Clark & Lunn Investment Management Ltd.
(CC&L) and CAM.
Frontiers Canadian Equity Pool
Foyston has been appointed as portfolio sub-advisor for the Frontiers
Canadian Equity Pool. Foyston joins existing sub-advisors CC&L, CAM,
Picton Mahoney Asset Management and Triasima Portfolio Management Inc.
Frontiers Global Bond Pool
Wellington has been appointed as a portfolio sub-advisor for the
Frontiers Global Bond Pool. Wellington joins existing sub-advisor
Frontiers Canadian Fixed Income Pool
AllianceBernstein Canada Inc. (AllianceBernstein) has been appointed as
portfolio sub-advisor for the Frontiers Canadian Fixed Income Pool.
Alliance Bernstein joins existing sub-advisors Baker Gilmore &
Associates Inc. and Canso Investment Counsel Ltd.
About the Newly Appointed Portfolio Sub-Advisory Firms
AllianceBernstein Canada Inc.: AllianceBernstein is a subsidiary of AllianceBernstein L.P. The firm
offers a comprehensive range of research, portfolio management, and
wealth management services. With offices around the world, it can
leverage global capabilities to meet the needs of its clients.
Headquartered in New York, it has offices in 46 locations in 22
Foyston, Gordon & Payne Inc.: With extensive expertise and experience in institutional investment and
private money management, Foyston, Gordon & Payne (Foyston) was founded
in 1980. The firm believes in the discipline and success of value style
investing and manages portfolios for institutional and private clients.
Wellington Management Canada LLC: Wellington offers comprehensive investment management capabilities that
span nearly all segments of global capital markets. Its investment
solutions, tailored to the unique return and risk objectives of
institutional clients in more than 50 countries, draw on a robust body
of proprietary research and a collaborative culture that encourages
independent thought and healthy debate. Headquartered in Boston,
Massachusetts, it has a global presence with offices located across
North America, Europe, Asia and Australia.
CIBC Asset Management (CAM), the asset management subsidiary of CIBC,
provides a range of high-quality investment management services and
solutions to individual 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 $100 billion in assets under management as of October 31, 2014.
SOURCE Canadian Imperial Bank of Commerce
For further information:
Media contact: Caroline Van Hasselt, Director, External Communications and Media Relations, at 416-784-6699 or e-mail: email@example.com.