CI Investments announced on July 22 that it is making portfolio management changes to several Harbour and Sentry-branded mandates.
Effective July 31, Altrinsic Global Advisors, LLC will be sub-advisor to Harbour Global Equity Fund, Harbour Global Equity Corporate Class and Sentry Global Monthly Income Fund. John Hock, Founder and Chief Investment Officer of Altrinsic, has been named Lead Portfolio Manager.
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.
"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. "Altrinsic has extensive global research and investment capabilities, while the Harbour team will focus on its North American portfolios."
Marret Asset Management will continue as sub-advisor to the fixed-income portion of Sentry Global Monthly Income Fund, under the direction of Portfolio Manager Paul Sandhu, says CI.