C.I. Mutual Funds Inc. today announced a number of portfolio management and fund name changes as part of its ongoing plan to simplify and strengthen its fund lineup.

The changes follow the acquisition of Spectrum Investment Management Ltd., Clarica Diversico Ltd., and the segregated fund businesses of Clarica Life Insurance Co. and Sun Life Financial Services of Canada Inc. by C.I.’s parent company, C.I. Fund Management Inc., on July 25, 2002.

“We now have the opportunity to take advantage of many efficiencies, including streamlining our fund manager lineup,” said Peter W. Anderson, C.I. president, in a release.

The advisors who will manage additional funds include such respected money managers as Gerald Coleman, lead manager of C.I.’s Harbour Funds; Eric Bushell, Chief Investment Officer of C.I.’s Signature Funds; Kim Shannon of Sionna Investment Managers Inc.; William Sterling of C.I. Global Advisors LLP; William Priest of Steinberg Priest & Sloane Capital Management, LLC; Nandu Narayanan of Trident Investment Management, LLC; Bob Tattersall of Howson Tattersall Investment Counsel Limited; and Jeffrey Herold of J. Zechner AssoC.I.ates Inc.

Kim Shannon is continuing as lead manager of C.I. Canadian Investment Fund (formerly Spectrum Canadian Investment Fund) through her own newly formed investment counselling firm, Sionna Investment Managers.

The fund name changes reflect the fact that C.I. eventually will be discontinuing its use of the Spectrum name. The portfolio manager and name changes also set the stage for fund mergers, which C.I. expects to announce within a few weeks.

The fund name changes and all but two of the portfolio management changes were effective August 28, 2002. The management of C.I. American Value Fund (formerly Spectrum American Value Fund) and C.I. Asian Dynasty Fund (formerly Spectrum Asian Dynasty Fund) will change on October 1, 2002. Portfolio manager and name changes also apply to all 100% RSP-eligible and Sector Fund versions of these funds, where applicable.

For a complete list of the portfolio manager changes click on the link below.