TORONTO, June 30, 2015 /CNW/ - CIBC Asset Management Inc.
(CAM) today announced a portfolio sub-advisor change to further
strengthen its Renaissance family of funds. This change will take
effect on or about August 14,
2015.
Connor, Clark & Lunn Investment Management Ltd. (CC&L)
has been appointed as portfolio sub-advisor for Renaissance
Millennium High Income Fund. The fund's name will also change to
Renaissance High Income Fund.
"CAM is dedicated to continually monitoring our product line-up
in order to deliver enhanced performance and risk-adjusted returns
to our clients," said David
Scandiffio, President and CEO, CIBC Asset Management.
About CC&L: Established in 1982, CC&L is one of
Canada's largest independent
partner-owned money management firms. The firm offers a diverse
array of investment services including equity, fixed income,
balanced and alternative solutions including market-neutral and
high-income strategies. With offices in Vancouver and Toronto, CC&L provides professional
management of financial assets for pension fund sponsors, capital
accumulation plans, corporations, not-for-profit organizations,
First Nations, mutual funds and individual investors.
CIBC Asset Management, Inc. (CAM), the asset management
subsidiary of CIBC, provides a range of high-quality investment
management services and solutions to retail and institutional
investors. CAM's offerings include: a comprehensive platform of
mutual funds, strategic managed portfolio solutions, discretionary
investment management services for high-net-worth individuals, and
portfolio management for institutional clients. CAM is one of
Canada's largest asset management
firms, with over $110 billion in
assets under management as of April 30,
2015.
SOURCE CIBC