Toronto-based CI Investments Inc. Friday announced a series of changes to its Lakeview mutual funds, including the appointment of a new portfolio manager.

Effective December 14, CI’s Cambridge Advisors will become portfolio advisor to Lakeview Disciplined Leadership High Income Fund and Lakeview Disciplined Leadership Canadian Equity Fund. The funds will be renamed Cambridge High Income Fund and Cambridge Canadian Stock Fund, respectively.

Cambridge is replacing Barometer Capital Management, which has resigned as sub-advisor to the funds.

CI has been manager of the Lakeview funds since May 2007 when CI acquired Lakeview Asset Management. With these changes, CI will no longer be using the Lakeview brand name.

The funds will be re-opened to new purchases after having been closed since November 2011. Although the funds’ simplified prospectus allows for performance fees, CI will no longer charge performance fees. Furthermore, CI is reducing the management fees of the High Income fund to align them with other CI funds in this category. The management fees will be reduced to 1.90% from 1.95% for Class A units and to 0.90% from 0.95% for Class F units.

Cambridge Advisors manages over $4 billion in assets and has offices in Boston and Toronto. The team, a division of CI Investments, is led by chief investment officer Alan Radlo and portfolio managers Bob Swanson and Brandon Snow.

“The exceptional talent and experience of the Cambridge portfolio managers make them an excellent choice for these funds,” says Derek Green, CI president.

Swanson has been appointed lead portfolio manager of Cambridge High Income Fund. He is portfolio manager of Cambridge Income Fund and Cambridge Canadian Asset Allocation Corporate Class. He has an investment career spanning 29 years that includes extensive experience in managing income, equity and balanced portfolios.

Snow has been appointed lead portfolio manager of Cambridge Canadian Stock Fund. He is portfolio manager of Cambridge Canadian Equity Corporate Class, Cambridge Pure Canadian Equity Fund and Cambridge Canadian Growth Companies Fund. His 10 years of investment experience include guiding a large-cap Canadian equity fund to award-winning performance.

CI is a subsidiary of CI Financial Corp. (TSX: CIX).