CI scoops up former Fidelity managers

CI Investments has named Robert Swanson and Brandon Snow to its Cambridge Advisors investment team. Both Swanson and Snow were highly acclaimed fund managers at Fidelity Investments.

Swanson left Fidelity on April 5, while Snow’s departure was announced March 28.

“Bob Swanson and Brandon Snow are high-calibre managers with outstanding track records and we are delighted to appoint them as Portfolio Managers to the Cambridge team,” said Derek J. Green, president of CI Investments.

Swanson is a 27-year investment veteran, with extensive experience in managing Canadian and global equity, income and balanced portfolios. At Fidelity, he had managed roughly $20 billion spread across several mandates, including Fidelity Canadian Asset Allocation Fidelity Dividend, Fidelity Monthly Income and Fidelity Income Allocation.

Snow has an eight-year track record, and managed $1.7 billion in assets at Fidelity, including the Fidelity Canadian Large Cap fund.

By joining the Cambridge team, Swanson and Snow will be working closely with chief investment officer Alan Radlo, who worked with the pair at Fidelity until his departure in 2006.

“We are thrilled to be reunited with Alan and to have the opportunity to build on the strong foundation he has established at Cambridge,” said Swanson. “We are looking forward to expanding the resources of the Cambridge team and establishing a new group of funds with the support of CI, one of Canada’s largest investment managers.”

Boston-based Cambridge Advisors was founded in January 2008 and manages approximately $2.3 billion in assets.

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