TORONTO (July 22, 2019) – CI Investments Inc. (“CI”) today announced portfolio management changes to several Harbour and Sentry-branded mandates.
Altrinsic Global Advisors, LLC (“Altrinsic”) has been appointed sub-advisor to Harbour Global Equity Fund, Harbour Global Equity Corporate Class and Sentry Global Monthly Income Fund, effective July 31, 2019. John Hock, Founder and Chief Investment Officer of Altrinsic, has been named Lead Portfolio Manager. Marret Asset Management Inc. continues as sub-advisor to the fixed-income portion of Sentry Global Monthly Income Fund, under the direction of Portfolio Manager Paul Sandhu.
Altrinsic, based in Greenwich, Connecticut, is a highly experienced team of investment professionals dedicated to global equity investing. The firm, led by Mr. Hock, has managed global and international equity mandates for CI for the past 19 years.
“Altrinsic’s excellent track record and conservative value-based investment approach make it a strong fit for the Harbour global portfolios,” said Roy Ratnavel, Executive Vice-President and Head of Sales for CI.
“As CI continues to simplify and strengthen its lineup of products and portfolio management teams, this change shows how our funds can benefit from the specialized expertise available to CI,” Mr. Ratnavel said. “Altrinsic has extensive global research and investment capabilities, while the Harbour team will focus on its North American portfolios.”
Peter Hofstra, Senior Portfolio Manager and Head of Research for Harbour Advisors, has been named Lead Portfolio Manager of the following Canadian-focused equity funds managed by the Harbour team: CI Canadian Investment Fund, CI Canadian Investment Corporate Class, Harbour Fund, Harbour Corporate Class, Harbour Voyageur Corporate Class, and a portion of Select Canadian Equity Managed Fund and Select Canadian Equity Managed Corporate Class.
Mr. Hofstra has over 17 years’ experience investing in Canadian and U.S. equities for CI and other asset management firms. Since joining Harbour in 2017, he has taken a leadership role on the team and made significant enhancements to the team’s research and investment processes. With these changes, the Harbour team will continue to follow an investment philosophy of protecting and growing investor capital, minimizing volatility and managing risk through investments in high-quality companies with promising futures.
About CI Investments – Trusted Partner in Wealth™
CI Investments is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $177 billion in assets as of June 30, 2019.
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
CI Investments, the CI Investments design and Harbour Advisors are registered trademarks of CI Investments Inc. ©CI Investments Inc. 2019. All rights reserved. “Trusted Partner in Wealth™” is a trademark of CI Investments Inc.
Harbour Advisors is a division of CI Investments Inc. Marret Asset Management Inc., is a partly owned subsidiary of CI Financial Corp. and an affiliate of CI Investments Inc. CI Financial Corp. holds a minority interest in Altrinsic Global Advisors, LLC.
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