TSX Symbol: CIX
TORONTO, April 4, 2017 /CNW/ - CI Investments Inc.
("CI") today announced portfolio management changes affecting a
number of funds.
Cambridge Global Asset Management, a division of CI, has been
named portfolio advisor to US Equity Alpha Corporate Class and to a
portion of the following multi-manager funds: Select U.S. Equity
Managed Corporate Class, Select U.S. Equity Managed Fund, Select
International Equity Managed Corporate Class, and Select
International Equity Managed Fund. The award-winning Cambridge team oversees in excess of
$20 billion in a diverse lineup of
mandates, including U.S. 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
advisors with Assante Wealth Management and Stonegate Private
Counsel. The Select mandates are multi-manager pools in CI's
award-winning Portfolio Select Series program. The changes to the
U.S. funds are effective on or about June
15, 2017 and the changes to the Select International Equity
Managed funds are effective on or about April 15, 2017.
Cambridge is replacing Tetrem
Capital Management as portfolio advisor to US Equity Alpha
Corporate Class and portions of Select U.S. Equity Managed
Corporate Class and Select U.S. Equity Managed Fund. Tetrem
continues to manage a number of mandates for CI, including CI
Canadian Investment Fund and CI Canadian Investment Corporate
Class.
In addition, as part of CI's efforts to streamline its fund
lineup, Altrinsic Global Advisors has been named portfolio
sub-advisor 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
April 15, 2017. Altrinsic is a
$10-billion investment boutique
specializing in global equity investing and is also sub-advisor to
CI International Value Fund, an international equity fund.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management
companies. It offers a wide range of investment products and
services, 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 $160.5 billion
in assets as of March 31, 2017.
Cambridge Global Asset Management is a division of CI
Investments Inc. Certain funds associated with Cambridge Global
Asset Management are sub-advised by CI Global Investments Inc., a
firm registered with the U.S. Securities and Exchange Commission
and an affiliate of CI Investments Inc.
SOURCE CI Financial Corp.