Aletheia Research and Management Inc. will be added as the portfolio sub-advisor for the growth component of the Imperial U.S. Equity Pool, replacing AllianceBernstein Canada Inc. The change is effective April 1, 2008.
Los Angeles, Calif., based Aletheia manages investments primarily for institutional, separately managed and high net worth accounts.
“Aletheia has demonstrated an ability to surpass both their benchmark and their peer group on a regular basis, landing them at the top of the list of large-cap growth managers in the United States,” said Steve Geist, president of CIBC Asset Management Inc. “We are confident their unique process will further enhance the overall composition of the Imperial U.S. Equity Pool, and its long-term performance potential.”
Also, on January 28, 2008, CIBC sought the approval of CIBC Private Investment Counsel Inc.—which is the sole unitholder of record of the Imperial Canadian Dividend Pool—to change the Pool’s investment objective. The investment objective will be changed from: To maximize dividend income in a manner consistent with capital preservation, to the following: To generate income and potential capital growth by investing primarily in Canadian income-generating equity securities and debt securities.
The company says the new investment objective will allow the Pool to better diversify its income-producing securities between equity and debt securities in order to meet investors’ income and capital growth needs and objectives.
CIBC announces sub-advisor changes
Aletheia Research to advise on Imperial U.S. Equity Pool
- By: Regan Ray
- January 29, 2008 January 29, 2008
- 13:09