CIBC names two new Renaissance managers

CIBC Asset Management has announced portfolio manager changes for its Renaissance Canadian Core Value Fund and Renaissance European Fund.

Wintergreen Advisers have been named sub-advisor on the foreign component of the Canadian Core Value mandate, effective September 1, 2011. Wintergreen is already sub-advisor for the Renaissance Global Markets Fund.

On the European fund, CIBC Global Asset Management has been named sub-advisor, also effective September 1, 2011.

“We are focused on delivering superior products that maximize returns and manage risk for our clients,” said Steve Geist, president of CIBC Asset Management Inc. “With these changes, we continue our commitment to offering investors the best in choice, value and quality.”

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