TORONTO, July 26 /CNW/ - CIBC Asset Management announced today the appointment of The Boston Company Asset Management, LLC (The Boston Company) as portfolio sub-advisor of the CIBC U.S. Small Companies Fund. This change is effective August 2, 2010.
"CIBC Asset Management is focused on partnering with portfolio managers that deliver strong returns and manage risk for our clients," said Steve Geist, President of CIBC Asset Management. "We are pleased to extend The Boston Company's presence within our CIBC Mutual Funds platform, and are confident that their proven track record in the U.S. small-cap equity space will further enhance the quality of our offer for clients."
The Boston Company, headquartered in Boston, MA, was founded in 1970 and offers a bottom-up approach to stock selection that focuses on fundamental research in a process-driven environment. It has consistently demonstrated strong, above-benchmark returns on its U.S. small-cap mandate for both short- and long-term periods. With US$32.5 billion in assets under management (as at June 30, 2010), it offers domestic and international equity disciplines, as well as balanced portfolios for public, corporate, endowment and foundation clients; trade union organizations and defined-benefit plans; and sub-advised relationships.
CIBC Asset Management is the asset management division of CIBC. CIBC Asset Management is responsible for the CIBC and Renaissance Investments families of mutual funds, Frontiers Pools, the CIBC family of managed portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services and CIBC Personal Portfolio Services - and CIBC's leading separately managed account program, CIBC Wood Gundy Investment Consulting Service. CIBC Asset Management manages more than $50 billion in assets.
For further information: For further information: Media contact: Doug Maybee, Director, Media Relations, at 416-980-7458; Product inquiries: CIBC Asset Management Client Services, 1-888-888-FUND (3863)