TORONTO, June 3, 2013 /CNW/ - CIBC Asset Management Inc. (CAMI) today
announced portfolio manager changes to further strengthen its existing
lineup of investments.
The changes include the addition of Barrantagh Investment Management
Inc. (Barrantagh), Connor, Clark & Lunn Investment Management Ltd.
(CC&L), Guardian Capital LP (Guardian), PIMCO Canada Corp. (PIMCO Canada), and del Rey Global Investors, LLC
(del Rey) as portfolio sub-advisors to certain Canadian and global
investment mandates, effective on or about August 6, 2013.
"We are committed to partnering with investment management firms that
have proven they can deliver superior returns and manage risk for our
clients over the long run," said Steve Geist, President of CIBC Asset
Management. "We are confident that these additions will further enhance
the quality of our offering to Canadian investors."
Imperial International Bond Pool and Frontiers Global Bond Pool
PIMCO Canada has been appointed as an additional portfolio sub-advisor
on the Imperial International Bond Pool and the Frontiers Global Bond
Pool, alongside Brandywine Global Investment Management, LLC. PIMCO
Canada will manage the global aggregate fixed income components of the
Pools. Brandywine will continue to serve as a portfolio sub-advisor for
the global opportunistic components of the Pools.
Frontiers Canadian Monthly Income Pool
The name of the Frontiers Canadian Monthly Income Pool will change to
the Frontiers Equity Income Pool, effective on or about July 15. The
new name is intended to better reflect the investment styles and
portfolio composition of the Pool.
Barrantagh, CC&L and Guardian have been appointed as additional
portfolio sub-advisors for the Frontiers Canadian Monthly Income Pool.
Barrantagh will be added as a portfolio sub-advisor for a small-cap /
mid-cap equity income component of the Pool. CC&L will be added as a
portfolio sub-advisor for an equity income component of the Pool.
Guardian will be added as a portfolio sub-advisor for a global dividend
component of the Pool. CIBC Global Asset Management Inc. will continue
to serve as a portfolio sub-advisor for the dividend value component of
These enhancements will also benefit the Axiom Portfolios - managed
portfolio solutions that utilize both the Frontiers Canadian Monthly
Income Pool and Frontiers Global Bond Pool in creating portfolios for
Renaissance Global Value Fund
del Rey has been appointed as portfolio sub-advisor for the Renaissance
Global Value Fund.
About the Firms
Barrantagh Investment Management Inc.: Established in 1995, Barrantagh is dedicated to preserving its clients'
capital, while generating growth through consistent application of its
value-based fundamental investment philosophy. Barrantagh applies a
fundamental, bottom-up, value-oriented approach to a small and mid-cap
Connor, Clark & Lunn Investment Management Ltd.: CC&L is one of Canada's leading money management firms dedicated to
managing assets for pension fund sponsors, capital accumulation plans,
corporations, not-for-profit organizations, mutual funds and individual
investors. CC&L's equity income strategy follows an all-cap core
approach, with an emphasis on delivering a total return with stability
and generating yield.
Guardian Capital LP: Guardian offers balanced fund mandates, specialty Canadian equity,
fixed income expertise and investment management for U.S.,
international and global mandates. Guardian's global dividend strategy
utilizes a proprietary quantitative model that emphasizes factors that
deliver a core portfolio tilted towards yield generation.
PIMCO Canada Corp.: PIMCO Canada is a subsidiary of Pacific Investment Management Company
LLC (PIMCO), a leading global investment management firm. PIMCO's
strength is its team of well-connected, globally-located resources,
which provides it with unique and timely insights in key markets and
del Rey Global Investors, LLC: del Rey focuses on international and global strategies for institutional
and retail investors. Using a research-driven, bottom-up, value-based
approach, del Rey aims to deliver long-term capital appreciation by
investing worldwide across a diversified range of equity securities and
mid- to large-market capitalizations.
CIBC Asset Management, the asset management division of CIBC, is
responsible for the CIBC and Renaissance Investments families of mutual
funds, Imperial Pools, Frontiers Pools and the CIBC family of managed
portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services
and CIBC Personal Portfolio Services. CIBC Asset Management manages
more than $60 billion in assets.
For further information:
Media contact: Kevin Dove, Head, External Communications and Media Relations, at 416-980-8835 or e-mail: firstname.lastname@example.org. Product inquiries: Renaissance Investments Client Services at 1-888-888-FUND (3863).