CI Fund Management Inc. is changing the portfolio management of a number of other mutual and hedge funds. The firm says these changes reflect a decision by Nandu Narayanan, Chief Investment Officer of Trident Investment Management, LLC of New York, a sub-advisor to several CI mutual and hedge funds, to focus his company on hedge funds.

Epoch Investment Partners, Inc. of New York has become portfolio advisor to CI Pacific Fund, CI Pacific Sector Fund, CI Japanese Sector Fund and CI Asian Dynasty Fund. William Priest, Chief Investment Officer of Epoch, and Daniel Geber have become lead portfolio managers, replacing Narayanan of Trident.

This change will indirectly affect CI Pacific RSP Fund and CI Japanese RSP Fund. Priest, a 30-year veteran of Wall Street, is also lead portfolio manager of CI American Value Sector Fund, CI American Small Companies Fund and CI Global Small Companies Fund.

Second, Trilogy Advisors has become portfolio advisor to CI Emerging Markets Fund and CI Emerging Markets Sector Fund, replacing Trident. Salas of BPI, who has focused on international and emerging markets securities throughout his 18-year investment management career, will serve as lead portfolio manager.

Third, Trident has become portfolio advisor and Narayanan will be lead portfolio manager of those CI hedge funds previously advised by BPI, and those funds have been renamed. They are: BPI Global Opportunities Fund (renamed CI Global Opportunities Fund), BPI Global Opportunities III Fund (renamed CI Global Opportunities III Fund), BPI American Opportunities Fund (renamed CI American Opportunities Fund) and BPI Global Opportunities II Fund, a closed-end fund that trades on the Toronto Stock Exchange under the symbol BOI.UN that has been renamed CI Global Opportunities II Fund.

The portfolio management change will indirectly affect BPI Global Opportunities III RSP Fund and BPI American Opportunities RSP Fund, which have been renamed CI Global Opportunities III RSP Fund and CI American Opportunities RSP Fund, respectively. Narayanan is currently lead manager of Trident Global Opportunities Fund, a hedge fund offered by CI. Narayanan will continue to manage a portion of the portfolio of CI Global Managers Sector Fund.

As a result of this consolidation, CI will be closing the CI Multi-Manager Opportunities Fund, which invests in units of other CI hedge funds.