TORONTO, Dec. 20 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC Asset Management continues its commitment to offer superior investment management expertise to investors by announcing today the addition of a portfolio manager for the Imperial U.S. Equity Pool that will enhance the already strong line-up of U.S. equity managers.
Tradewinds Global Investors, LLC (Tradewinds) has been appointed to act as portfolio sub-advisor for the all-cap component of the Imperial U.S. Equity Pool, effective February 1, 2011.
"CIBC Asset Management is focused on partnering with portfolio managers that deliver superior returns and manage risk for our clients," said Steve Geist, President of CIBC Asset Management. "We are pleased to expand our partnership with Tradewinds onto our Imperial Pools platform, and are confident that their proven strong track record and investment expertise in U.S. equity markets will enhance the long-term performance potential for our clients."
Headquartered in Los Angeles, Tradewinds is a subsidiary of Nuveen Investments and manages US$30.1 billion in assets (as at Sept. 30, 2010). It is a specialized investment management firm that searches the world for companies whose securities it believes are undervalued and will be solid long-term investments. The Research and Portfolio Management Team is composed of 20 specialists and is headed by David Iben, who has more than 28 years of investment experience. The team employs an all-cap, bottom-up approach to identify and capture hidden investment opportunities.
In addition to Tradewinds, the following portfolio sub-advisors will continue to manage components of the Imperial U.S. Equity Pool: CIBC Global Asset Management Inc., Aletheia Research and Management, Inc., Metropolitan West Capital Management, LLC and Fiduciary Management Inc.
CIBC Asset Management is the asset management division of CIBC. CIBC Asset Management is responsible for the CIBC and Renaissance Investments families of mutual funds, Frontiers Pools, the CIBC family of managed portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services and CIBC Personal Portfolio Services. CIBC Asset Management manages more than $50 billion in assets.
