Canada-based CI Investments has selected Cambridge Global Asset Management as its new portfolio advisor.
Cambridge team manages over $8 billion in assets and has offices in Boston and Toronto. It is led by chief investment officer Alan Radlo and Portfolio Managers Brandon Snow and Robert Swanson.
Additionally, the company has also made several enhancements to its Canadian Dividend Growth Fund and US Dividend Growth Fund including the introduction of monthly distributions, and name changes for the funds.
CI Canadian Dividend Growth Fund will be renamed to Cambridge Canadian Dividend Fund, while CI US Dividend Growth Fund will be renamed to Cambridge US Dividend Fund.
Both funds will start paying a regular monthly distribution to their investors from January 2014.
The changes of the funds are expected to be effective from 16 December to 31 December 2013 and will be made available in CI Private Investment Management, CI’s program for higher net worth investors.
CI Investments added that Radlo and Swanson will be named as portfolio managers of Cambridge US Dividend Fund, while Snow and Swanson will be named as portfolio managers of Cambridge Canadian Dividend Fund.