CIBC Asset Management Inc., the manager and trustee of the Renaissance Investments family of funds and the Frontiers Pools, announced Friday that it is making certain changes to its product line-up, including several sub-advisor changes and the renaming of a fund.

“With these changes, we continue our commitment to offering investors the best in choice, value and quality products. We are focused on partnering with top portfolio managers to maximize returns and manage risk for our clients,” says Steve Geist, president.

Aletheia Research and Management Inc. has been appointed portfolio sub-advisor of the Renaissance Global Focus Fund, replacing BlackRock Investment Management, LLC, effective June 1.

Aletheia, based in Los Angeles, was founded in 1997 and manages investments primarily for institutional, separately managed and high net worth accounts. Aletheia’s unique proprietary investment process combines the forensic analysis of balance sheets, insider and corporation actions behaviour and direct industry research in order to produce superior results for investors over the long term.

Metropolitan West Capital Management, LLC has been appointed portfolio sub-advisor for the Renaissance U.S. Equity Value Fund, replacing UBS Global Asset Management (Canada) Co., effective July 1.

Metropolitan West is a boutique investment firm that is majority owned by Wells Fargo & Company (). Founded in 1997, the firm is based in Newport Beach, Calif., and provides investment services to retail and institutional clients. It’s large-cap intrinsic value investment approach focusing on high-quality companies seeks to minimize risk and optimize long-term returns.

Sub-advisor changes to Frontiers U.S. Equity Pool- Effective July 1, 2009

Metropolitan West has also been appointed portfolio sub-advisor for the value component of the Frontiers U.S. Equity Pool, replacing UBS Global Asset Management (Canada) Co.

Fiduciary Management Inc. (Fiduciary) has been appointed portfolio sub-advisor for the Frontiers U.S. Equity Pool’s small-cap component, replacing UBS Global Asset Management (Americas) Inc. Aletheia and INTECH Investment Management LLC continue to be portfolio sub-advisors for other components of the Pool.

Founded in 1980, Fiduciary is an employee owned independent money management firm based in Milwaukee. Today, it manages over US$4 billion in assets for Registered Investment Advisors, domestic and international institutions, and individual investors primarily throughout the United States.

These changes will also affect Axiom Portfolios, the managed portfolio solutions offered by Renaissance Investments, as the Axiom Portfolios program utilizes the Frontiers U.S. Equity Pool in its portfolio construction.

New name for Renaissance Global Multi Management Fund

Renaissance Global Multi Management Fund will be renamed the Renaissance Optimal Global Equity Portfolio, effective July 1.

The fund offers a comprehensive solution that offers broad diversification through a strategic mix of some of Renaissance Investments’ top global funds.

“Investing globally will help Canadians to better diversify their portfolios and create wealth in the long run. We are confident that the Renaissance Optimal Global Equity Portfolio will meet investors’ need for a strong global solution to take advantage of the many investment opportunities around the world”, says Geist.

IE