Management changes at CI

Toronto-based CI Investments Inc. has appointed Marret Asset Management Inc. of Toronto as subadvisor to four mutual funds, effective on or before Jan. 31. Marret will manage a portion of the portfolios of Harbour Growth & Income Fund, Harbour Growth & Income Corporate Class Fund and Harbour Global Growth & Income Corporate Class Fund. Paul Sandhu, portfolio manager with Marret, will invest a portion of these funds’ assets in government and investment-grade bonds. Sandhu will work under the direction of Roger Mortimer, lead portfolio manager with Harbour Advisors (a unit of CI), who retains responsibility for the funds’ asset allocation, as well as for security selection within the equities portion of the portfolios. In addition, Marret will manage a portion of the portfolio of Select Income Managed Corporate Class Fund, a diversified, multi-manager income fund. Barry Allan, chief investment officer with Marret, will manage a portfolio of high-yield corporate bonds for the fund. CI Investment Consulting, Signature Global Asset Management and Cambridge Global Asset Management continue as the other portfolio managers for Select Income Managed Corporate Class Fund.

Compiled by Clare O’Hara (cohara@investmentexecutive.com).