Cambridge Global Asset Management, a unit of Toronto-based CI Investments Inc., has announced on Wednesday that it will now have one chief investment officer (CIO) as Alan Radlo leaves the role he shared with Brandon Snow. The change is effective immediately.
Radlo remains with the firm as senior portfolio manager and principal of Cambridge. He maintains his focus on Cambridge’s international equity portfolios although he has relinquished his duties as co-portfolio manager of Cambridge Global Equity Corporate Class. Snow continues as lead portfolio manager of that fund and as the sole CIO of Cambridge, according to CI’s announcement.
“After 33 tireless years in the business, Alan is stepping back from the co-CIO role,” says Snow in a statement. “The Cambridge team and our investors will continue to benefit from his extensive investment knowledge and passion for the industry.”
Radlo joined CI in 2008 and founded the Cambridge line of funds. Snow joined Cambridge in 2011. The business unit’s team manages more than $15 billion in Canadian and global equity, balanced and income funds from offices in Toronto and Boston.
CI also announced on Wednesday that it’s re-opening Cambridge Canadian Growth Companies Fund to new investors. The fund, which invests primarily in growth-oriented Canadian small and mid-cap firms, was closed to new investors in March 2014 after experiencing significant asset growth.
The re-opening of the fund is being attributed to a larger portfolio management team that has been able to extend its range of research into U.S. and international industry sectors. The fund, which has assets under management of $450 million, may invest up to 49% of its portfolio in foreign securities. Greg Dean is lead portfolio manager of Cambridge Canadian Growth Companies Fund.
Photo copyright: Bloomberg