Baker Gilmore & Associates Inc. to play larger role in portfolios
TORONTO, Jan. 22 /CNW/ - Connor, Clark & Lunn Managed Portfolios Inc.
("CC&L Managed Portfolios") announced today that short-term bonds will be
added to the asset mix in four more of their Portfolios. Montreal-based Baker
Gilmore & Associates Inc. ("Baker Gilmore") will manage these assets.
"Our clients rely on us to manage the risk in their portfolio," says Jeff
Guise, head of the team responsible for managing the asset allocation of each
Portfolio offered by CC&L Managed Portfolios. "As a result, we are increasing
our exposure to short-term bonds across most of the Portfolios to balance the
increase in risk we see in equity markets."
CC&L Managed Portfolios utilizes an experienced team of investment
professionals to actively manage the asset allocation of each portfolio. The
team meets biweekly to review each portfolio and its asset allocation to
determine how they should best be positioned to deal with the changing
dynamics of capital markets.
"Investors benefit from two levels of active management," said Nick
Mancini, President and CEO of CC&L Managed Portfolios. "They have the asset
allocation team adjusting the asset mix in their portfolio to deal with
changing market conditions as well as specialist investment teams like Baker
Gilmore and Associates Inc. to manage the individual asset classes within each
Baker Gilmore currently manages a portion of the CC&L Conservative
Portfolio. This change brings the investment expertise of Baker Gilmore to
five of the six managed portfolios offered by CC&L Managed Portfolios.
CC&L Managed Portfolios and Baker Gilmore are members of the Connor,
Clark & Lunn Financial Group, a multi-boutique asset management firm
responsible for the investment of over $37 billion in financial assets through
its investment managers on behalf of institutional, private and retail
clients. The broad range of investment management services available are
delivered to pension funds, capital accumulation plans, foundations and
endowments, mutual funds and individual investors through offices in
Vancouver, Edmonton, Calgary, Regina, Toronto, Ottawa and Montreal.
About Connor, Clark & Lunn Managed Portfolios Inc.
CC&L Managed Portfolios Inc. offers a suite of 6 broadly diversified
investment portfolios to clients with minimum investable assets of $100,000
through a select group of financial advisors. As part of the Connor, Clark &
Lunn Financial Group, they are able to provide the expertise of institutional
investment managers to meet the needs of individual investors.
About Baker Gilmore and Associates
Baker Gilmore is one of Canada's largest specialty fixed income managers,
with over $4.5 billion in assets under management. With both depth and breadth
of experience, the investment team at Baker Gilmore is able to generate
diversified sources of added value by alternating its focus between strategies
depending on where the best investment opportunities lie. This flexibility has
resulted in the firm providing strong returns and added value on both an
absolute and risk-adjusted basis for pension funds, insurance companies,
corporations, municipalities, universities and non-profit institutions since
its inception in 1988.
For further information:
For further information: Craig Swistun, Vice President, Marketing &
Development, Connor, Clark & Lunn Managed Portfolios Inc., (416) 214-2026,