Toronto-based CI Investments Inc. Wednesday announced today a series of changes at Cambridge Global Asset Management designed to support the team’s continued growth and performance.
Cambridge was founded in 2008 with three funds under the leadership of Alan Radlo, chief investment officer. In 2011, CI expanded the team with the addition of Robert Swanson, Brandon Snow, Greg Dean and Stephen Groff. At the time, Cambridge managed $2 billion in assets. Today, the team manages $13 billion, oversees a diverse lineup of funds and operates from offices in Boston and Toronto.
“This growth has been driven by the exceptional results achieved by the Cambridge investment managers and the trust they have earned from tens of thousands of Canadian investors and advisors,” said Derek Green, CI President. “The team is well positioned with an experienced and accomplished leadership working with a talented group of research analysts.”
As part of the recent changes, Snow has been named co-chief investment officer alongside Radlo. Since joining in 2011, Snow has been lead portfolio manager of Cambridge Canadian Equity Corporate Class and Cambridge Canadian Growth Companies Fund, and was named co-manager of Cambridge Canadian Asset Allocation Corporate Class in 2012. He has been responsible for institutionalizing Cambridge’s core investment philosophy and building the analyst team to support the growth in assets.
Robert Swanson has been named chief market strategist to better reflect his role in providing guidance on macro-economic trends and market and asset allocation strategies to the team. Swanson also oversees the team’s income and equity-income portfolios. He is lead portfolio manager of the Cambridge High Income and Cambridge Global Dividend funds and co-manager of Cambridge Canadian Asset Allocation Corporate Class and Cambridge U.S. Dividend Fund.
Greg Dean and Stephen Groff have both been promoted to the position of principal and portfolio manager and assigned additional portfolio management responsibilities.
Groff has been named lead portfolio manager of Cambridge U.S. Dividend Fund. He has been co-Lead manager of Cambridge Pure Canadian Equity Fund and co-manager of Cambridge Canadian Growth Companies Fund since 2012.
Dean has been named lead portfolio manager of Cambridge Growth Companies Corporate Class, a new fund that focuses on high-growth small and medium-sized companies from around the world. He has been co-lead manager of Cambridge Pure Canadian Equity Fund and co-manager of Cambridge Canadian Growth Companies Fund since 2012.
CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $130 billion in assets.