CI Investments has made portfolio management changes affecting a number of funds.
Cambridge Global Asset Management, a division of CI, has been named portfolio adviser to US Equity Alpha Corporate Class and to a portion of the following multi-manager funds: Select US Equity Managed Corporate Class, Select US Equity Managed Fund, Select International Equity Managed Corporate Class, and Select International Equity Managed Fund.
The Cambridge team oversees in excess of CAD20 billion in a diverse line-up of mandates, including US and international equity funds, and has achieved strong results for investors since its founding in 2008. Cambridge's 15-person investment team operates from offices in Toronto and Boston.
US Equity Alpha Corporate Class is part of the Evolution Private Managed Accounts and other managed solutions offered by CI through advisers with Assante Wealth Management and Stonegate Private Counsel.
The Select mandates are multi-manager pools in CI's Portfolio Select Series programme.
The changes to the US funds are effective on or about 15 June 2017 and the changes to the Select International Equity Managed funds are effective on or about 15 April 2017.
Cambridge is replacing Tetrem Capital Management as portfolio adviser to US Equity Alpha Corporate Class and portions of Select US Equity Managed Corporate Class and Select US Equity Managed Fund. Tetrem continues to manage a number of mandates for CI, including CI Canadian Investment Fund and CI Canadian Investment Corporate Class.
Altrinsic Global Advisors has been named portfolio sub-adviser to Signature International Fund and Signature International Corporate Class, and the funds will be renamed CI International Fund and CI International Corporate Class, respectively. These changes will be effective on or about 15 April 2017.
Altrinsic is a CAD10 billion investment boutique specialising in global equity investing and is also sub-adviser to CI International Value Fund, an international equity fund.