C.I. Mutual Funds Inc. today announced portfolio management changes to 23 Clarica-branded mutual funds.

“These changes are part of our plan to streamline and strengthen our fund manager lineup while ensuring that investors in the Clarica-branded funds have a broad selection of the best available portfolio managers representing a variety of mandates,” said Pete Anderson, C.I. president, in a news release.

The moves follow the acquisition of Clarica Diversico Ltd., Spectrum Investment Management 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.

The portfolio management changes were effective October 26, 2002. Other changes to the Clarica-branded funds that have already taken place are the appointment of Bill Miller, CEO of Legg Mason Funds Management Inc., as portfolio manager of Clarica Premier American Fund, and the appointment of Eric Bushell, chief investment officer of the Signature Group of C.I., as portfolio manager of Clarica Canadian Diversified Fund and Clarica Diversifund 40, all effective August 28.

The full list of portfolio manager changes is included with the company’s news release.