Toronto-based CIBC Asset Management Inc. is making several changes to its lineup of global and Canadian fixed-income pools, the company announced Tuesday.

They are as follows:

  • CIBC Asset Management is assuming core advisor responsibilities and joins Canso Investment Counsel Ltd. and Alliance Bernstein L.P. in managing the Renaissance Canadian Fixed Income Private Pool.
  • CIBC Asset Management has been added as a core portfolio advisor for the Imperial International Bond Pool, joining Brandywine Global Investment Management LLC and Wellington Management Canada ULC.
  • CIBC Asset Management has been added as a core portfolio advisor for the Renaissance Global Bond Private Pool, joining Brandywine Global Investment Management LLC and Wellington Management Canada ULC.

With both the Imperial International Bond Pool and the Renaissance Global Bond Private Pool, currency management will be approached from a Canadian investor’s perspective, but the fixed-income pools “may take non-Canadian dollar currency positions as conditions warrant based upon the currency outlook of the portfolio advisor or sub-advisor(s).” This is intended to reduce the overall pool volatility for Canadian investors, CIBC Asset Management says.

The changes are effective on or about April 1.