CI Fund Management Inc. has announced several changes to the portfolio management of its lineup of funds.

Orlando, Florida-based BPI Global Asset Management LLP will be combined with Trilogy Advisors, LLC of New York, a sub-advisor to a number of CI mutual funds with a total of $4.8 billion in assets. BPI manages $1.5 billion in assets in a number of CI mutual and hedge funds, as well as $4.5 billion in assets on behalf of mainly institutional clients such as U.S. pension funds.

BPI and Trilogy Advisors will continue to operate as separate entities under their respective names until these transactions are completed, which is expected to occur by May 2005.

Trilogy Advisors has been appointed portfolio advisor to the following mutual funds previously advised by BPI: BPI American Equity Fund, BPI American Equity Sector Fund, BPI Global Equity Fund, BPI Global Equity Sector Fund, BPI International Equity Fund, and BPI International Equity Sector Fund. In addition, Trilogy has become portfolio advisor to those portions of the portfolios of CI Global Managers Sector Fund and CI American Managers Sector Fund that were previously advised by BPI.

William Sterling, CIO of Trilogy, and senior portfolio managers Robert Beckwitt and Greg Gigliotti have become lead portfolio managers of BPI Global Equity Fund, BPI International Equity Fund and their Sector Fund equivalents. They are currently lead portfolio managers of CI Global Fund, CI International Fund, CI International Balanced Fund and CI Global Boomernomics Sector Fund.

The three are also managing that portion of the portfolio of CI Global Managers Sector Fund previously managed by Daniel Jaworski, Chief Investment Officer of BPI.

John Bichelmeyer of BPI will continue as lead portfolio manager of BPI American Equity Fund and BPI American Equity Sector Fund and as co-manager of CI American Managers Sector Fund.

The current BPI portfolio management team, including Jaworski, Bichelmeyer and Pablo Salas, will continue to manage the BPI institutional investment accounts under the BPI Global Asset Management name. These accounts include the portfolio of the Assante US Equity Diversified Pool offered by Assante Wealth Management.