TSX Symbol: CIX
TORONTO, Sept. 24, 2013 /CNW/ - CI Investments Inc. today announced the
addition of veteran portfolio manager Roger Mortimer to the Harbour
Advisors investment team and the retirement of Harbour's Gerry Coleman,
one of Canada's premier fund managers.
"I have had a fantastic time working with CI Investments over the past
16 years," said Mr. Coleman. "Together we have built Harbour Advisors
to a leading position in the Canadian mutual fund industry. The Harbour
team is a strong, cohesive group of talented and disciplined investment
professionals. Under the leadership of Stephen Jenkins and newly hired
Roger Mortimer, I am confident that going forward Harbour will continue
"Under Gerry's guidance, Harbour achieved a truly impressive track
record," said Derek J. Green, President of CI Investments. "Harbour's
accomplishments were recognized on many occasions, including Harbour
Fund being named Best Canadian Equity Fund in 2002 and 2008 at the
Morningstar Canadian Investment Awards, and Harbour Growth & Income
Fund being named Best Canadian Balanced Fund in 2006 and 2008. Gerry
also has the distinction of being one of the few portfolio managers to
be honoured twice as Morningstar's Fund Manager of the Year, in 2001
and 2008, and being named money manager of the decade by the Globe and Mail in 2010."
"CI thanks Gerry for his years of service and dedication and his great
contribution to the success of Harbour and CI," Mr. Green said.
Effective October 1, 2013, Mr. Mortimer has been appointed Lead
Portfolio Manager of Harbour Growth & Income Fund, Harbour Growth &
Income Corporate Class and Harbour Global Growth & Income Corporate
Class. He will be based in Toronto and work closely with Stephen
Jenkins, Senior Vice-President and Senior Portfolio Manager, and other
members of Harbour Advisors. Mr. Jenkins will continue as Lead
Portfolio Manager of Harbour Fund and Harbour Corporate Class, and will
become Lead Portfolio Manager of Harbour Global Equity Corporate Class.
Mr. Jenkins will be backed up on his funds by Mr. Mortimer and, at the
same time, Mr. Mortimer will be backed up by Mr. Jenkins.
"Roger Mortimer is an experienced and successful value investor with a
history of market outperformance and consistency of results," said Mr.
Green. "He is an excellent fit with the Harbour team, which has
established an impressive reputation as one of Canada's leading
value-based investment teams."
"I am very excited to be joining CI Investments and the Harbour group,"
Mr. Mortimer said. "Over the past 16 years, Harbour has provided
investors with consistent, above-average returns and I look forward to
working with the team to build on this excellent record."
Mr. Mortimer has 18 years of investment experience, including managing
Canadian and global equity and income portfolios at Capital Group and
AIM Investments (now Invesco). He is best known for his management of
AIM Canadian First Class (now Trimark Canadian Class), which
significantly outperformed the benchmark S&P/TSX Composite Index and
its peer group during his tenure.
"This appointment illustrates CI's commitment to enhancing our
investment expertise," said Mr. Green. "Recently, we have hired
additional portfolio managers for Cambridge Global Asset Management,
Signature Global Asset Management, and Harbour. As one of Canada's
largest investment firms, CI attracts top-ranked talent such as Roger
Mortimer, and has assembled one of the country's finest lineups of
portfolio management teams."
Prior to joining CI, Mr. Mortimer was Managing Director of Parador Asset
Management, a company he founded in 2009. From 2005 to 2009, he was a
Vice-President and Portfolio Manager in the Canadian operations of
Capital Group Companies, a Los Angeles-based investment management
From 1997-2005, Mr. Mortimer was a Senior Vice-President and Portfolio
Manager at AIM Investments and a Global Partner of its parent firm
AMVESCAP, where he managed in excess of $2 billion. He was the lead
manager of several mutual funds for Canadian and U.S. investors,
including Canadian equity, Canadian income equity, global equity, and
global energy equity. Funds managed by Mr. Mortimer won numerous awards
and achieved Morningstar five-star ratings in Canada and in the United
Harbour Advisors was founded in 1997 and has been led since inception by
Mr. Coleman and Mr. Jenkins. The team manages seven funds with a total
of $12.6 billion in assets under management (as of August 31, 2013).
Mr. Jenkins and Mr. Mortimer are supported by an experienced group of
portfolio managers and research analysts. In recognition of their
valuable contributions to the team, Portfolio Managers Aleksy Wojcik
and Phil D'Iorio will take on increased responsibilities in assisting
the senior portfolio managers on the funds. Mr. Wojcik and Mr. D'Iorio
also will continue as portfolio managers of Harbour Voyageur Corporate
Class, while Doug Cooper has been promoted to Portfolio Manager of
Mr. Mortimer will be employed by CI Global Investments Inc., a wholly
owned subsidiary of CI.
About CI - Canada's Investment Company
CI Investments Inc. is one of Canada's largest investment management
companies. CI 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 $108.8 billion in assets as
of August 31, 2013.
Morningstar Awards © Morningstar Inc. All Rights Reserved. Awarded to
Harbour Fund for Best Canadian Equity Fund, 2002, 2008. Awarded to
Harbour Growth & Income Fund for Best Canadian Balanced Fund, 2006,
SOURCE: CI Investments Inc.
For further information:
Derek J. Green