New subadvisors at CIBCAM

Toronto-based CIBC Asset Management Inc. has added three subadvisors to its fund family. Kansas City, Mo.-based American Century Investment Management Inc. has been appointed as a subadvisor for the foreign securities portion of CIBC Monthly Income Fund and Renaissance Canadian Monthly Income Fund. In August 2011, CIBC acquired a 41% minority ownership position in American Century. Montreal-based Amundi Canada Inc. has been appointed as portfolio subadvisor for Renaissance China Plus Fund and Renaissance Asian Fund. New York-based Pzena Investment Management LLC has been appointed as portfolio subadvisor for Renaissance Global Value Fund. Pzena has a deep value investment philosophy that emphasizes an understanding of business models and earnings power. Pzena’s research team conducts in-depth proprietary analysis into companies to produce superior insights about prospects in its investment universe.

(cohara@investmentexecutive.com).