TSX Symbol: CIX
TORONTO, Feb. 10, 2012 /CNW/ - CI Investments Inc. ("CI") congratulates its portfolio management teams for earning eight 2012 Lipper Fund Awards.
The winning portfolio managers at CI and its affiliates were Cambridge Advisors, Signature Global Advisors, CI Investment Consulting and Epoch Investment Partners, Inc. The Lipper Fund Awards program honours funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. The 2012 winners were announced last night.
Cambridge Advisors was recognized for the performance of Cambridge Canadian Asset Allocation Corporate Class, which was named the best fund for the one and three-year periods in the tactical balanced category. Cambridge is led by Chief Investment Officer Alan Radlo and Portfolio Managers Robert Swanson and Brandon Snow.
"Cambridge Advisors has delivered outstanding results since the Cambridge funds were launched in 2008, in the face of a challenging time on global financial markets," said Derek J. Green, CI President. "We're pleased to see Alan Radlo and his team receive industry recognition of their accomplishments."
Signature High Income Fund, managed by Signature Global Advisors, was the winner of three trophies in the global neutral balanced category, being named best fund for the three, five and 10-year time periods. The fund has posted exceptional returns and been a consistent award winner over its history, having received Lipper Fund Awards in 2011, 2010 and 2007 and Canadian Investment Awards in 2011, 2010 and 2004. The lead portfolio managers are Geof Marshall, Ryan Fitzgerald, Joe D'Angelo and Eric Bushell, Signature's Chief Investment Officer.
"As a fund that invests across multiple asset classes, Signature High Income's award-winning record reflects the impressive breadth of expertise in the Signature team," said Mr. Green. "Eric Bushell, who was named Morningstar Fund Manager of the Decade in 2010, has built a strong team of sector and asset class specialists with global research capabilities."
Portfolio Series Income Fund was best fund in the global fixed-income balanced category for the three and five-year periods. The fund is part of CI's Portfolio Series program and is managed by CI Investment Consulting, an in-house team of asset allocation experts led by Portfolio Manager Alfred Lam. Portfolio Series was recently named Best Fund of Funds program at the 2011 Morningstar Canadian Investment Awards.
"A managed solution is only as good as the portfolio managers in the program, and the success of Portfolio Series reflects the quality of CI's lineup of portfolio management teams and the asset allocation expertise provided by CI Investment Consulting," Mr. Green said.
CI's other winning fund was CI Japanese Corporate Class, which was the best fund over three years in the Japanese equity category. The portfolio is managed by Epoch, led by Chief Investment Officer William Priest.
Overall, CI funds and portfolio managers have been the recipients of 33 Morningstar Canadian Investment Awards over the past 10 years and 39 Lipper Fund Awards since the start of the program in Canada in 2007.
The Lipper Fund Awards are formally announced each year at ceremonies which take place in 23 countries in Asia, Europe, MENA, and the Americas. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. For more information, please contact [email protected] or visit excellence.thomsonreuters.com.
CI Investments Inc. is one of Canada's largest investment management companies. It offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with approximately $93.2 billion in assets as of January 31, 2012.
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