CIBC Asset Management has made portfolio sub-advisor changes to further strengthen its lineup of international equity funds. All appointments will take effect on or about April 15, 2014.
“To uncover the best [global] opportunities, you need [to] access…superior portfolio managers,” says Steve Geist, president of CIBC Asset Management.
The details of the changes are as follows:
- Pzena Investment Management (Pzena) has been appointed as a portfolio sub-advisor for CIBC’s Imperial International Equity Pool. Pzena is joining existing sub-advisors American Century Investment Management (American Century), Causeway Capital Management (Causeway), CAM and Pyramis Global Advisors (Pyramis).
- Pzena and INTECH Investment Management (INTECH) have been appointed as portfolio sub-advisors for the Imperial Overseas Equity Pool. They join existing sub-advisors American Century, Causeway and Pyramis.
- Causeway, American Century, INTECH and Pzena have been appointed as portfolio sub-advisors for the Frontiers International Equity Pool. These firms will work alongside existing sub-advisor Walter Scott & Partners.
- American Century has been appointed as portfolio sub-advisor for the CIBC International Small Companies Fund.