CIBC AM makes portfolio management changes

CIBC Asset Management Inc. is making changes to its lineup of U.S. equity strategies, the Toronto-based firm announced Monday in a release.

For the Imperial U.S. Equity Pool, CIBC Private Wealth Advisors will assume core advisor responsibilities and join the following in managing the fund: CIBC Asset Management Inc.; Rothschild & Co Asset Management US Inc.; Pzena Investment Management, LLC; Morgan Stanley Investment Management Inc.; and Sustainable Growth Advisers, LP.

CIBC Private Wealth Advisors will also assume advisor responsibilities for the CIBC U.S. Equity Fund and Renaissance U.S. Equity Growth Fund.

The changes are effective on or about July 2, the release said.

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