|By PR Newswire||
|March 10, 2014 01:30 PM EDT||
TORONTO, March 10, 2014 /CNW/ - CIBC Asset Management Inc. (CAM) today announced portfolio sub-advisor changes to further strengthen its lineup of international equity funds. Changes will take effect on or about April 15, 2014.
"Exposure to global markets offers investors important diversification benefits. To uncover the best opportunities, you need access to superior portfolio managers," said Steve Geist, President, CIBC Asset Management. "To harness the growth potential of international equities, we need to ensure our mandates are managed by proven investment specialists with long-term performance records that illustrate their expertise. This, combined with effective risk management and optimized portfolios, will best serve our clients and their investment needs."
Imperial International Equity Pool
Pzena Investment Management, LLC (Pzena) has been appointed as a portfolio sub-advisor for the Imperial International Equity Pool. Pzena joins existing sub-advisors American Century Investment Management, Inc. (American Century), Causeway Capital Management LLC (Causeway), CAM, and Pyramis Global Advisors (Pyramis), who will continue to provide portfolio management services to the pool.
Imperial Overseas Equity Pool
Pzena and INTECH Investment Management LLC (INTECH) have been appointed as portfolio sub-advisors for the Imperial Overseas Equity Pool. These firms join existing sub-advisors American Century, Causeway and Pyramis, who will continue to provide portfolio management services to the pool.
Frontiers International Equity Pool
Causeway, American Century, INTECH and Pzena have been appointed as portfolio sub-advisors for the Frontiers International Equity Pool. These firms join existing sub-advisor Walter Scott & Partners Limited, who will continue to provide portfolio management services to the pool.
CIBC International Small Companies Fund
American Century has been appointed as portfolio sub-advisor for the CIBC International Small Companies Fund. American Century is a premier investment management firm with an extensive and proven track record managing international small-cap equities.
About the Newly Appointed Portfolio Sub-Advisory Firms
American Century Investment Management: As a leading U.S. investment management firm, American Century is committed to delivering superior and consistent risk-adjusted performance through active management. Headquartered in Kansas City with offices in New York; Mountain View, California; London and Hong Kong, the firm manages over $139 billion in assets as of December 31, 2013. In August 2011, CIBC acquired a minority ownership position in American Century.
Causeway Capital Management: Causeway is an independent investment management firm founded in June 2001. It takes a bottom-up approach to selecting mid- and large-cap global stocks, seeking to identify under-priced securities that are held until the market recognizes their fair value. The firm's portfolio managers and research analysts work together to determine expected returns for undervalued securities. This analysis is then refined using tools developed by their quantitative specialists to manage portfolio risk. As of December 31, 2013, the firm managed approximately $28 billion in assets.
INTECH Investment Management: Founded in 1987, INTECH offers equity investors highly disciplined, mathematical relative-return strategies that attempt to achieve long-term returns in excess of the target benchmark, while reducing the risk of significant underperformance relative to the benchmark. Its strategies are based on a rigorous mathematical theory that is the result of research conducted by founder Dr. E. Robert Fernholz. As of December 31, 2013, INTECH had approximately $47.6 billion under management.
Pzena Investment Management: Headquartered in New York City, Pzena has a deep value investment philosophy which emphasizes an understanding of business models and earnings power. Pzena's strong research team conducts in-depth proprietary analysis into companies in order to produce better insights about the prospects of its investment universe. As of December 31, 2013, the firm managed $25 billion in assets for leading corporate, public, and individual clients.
CIBC Asset Management (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to individual and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and portfolio management for institutional clients. CAM is one of Canada's largest asset management firms, with over $90 billion in assets under management as of Dec. 31, 2013.
SOURCE Canadian Imperial Bank of Commerce
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect ...
Oct. 4, 2015 09:45 AM EDT Reads: 545
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
Oct. 4, 2015 09:30 AM EDT Reads: 653
SYS-CON Events announced today that Machkey International Company will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Machkey provides advanced connectivity solutions for just about everyone. Businesses or individuals, Machkey is dedicated to provide high-quality and cost-effective products to meet all your needs.
Oct. 4, 2015 09:30 AM EDT Reads: 242
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
Oct. 4, 2015 09:30 AM EDT Reads: 423
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 4, 2015 09:15 AM EDT Reads: 152
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Oct. 4, 2015 09:00 AM EDT Reads: 520
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Oct. 4, 2015 09:00 AM EDT Reads: 536
As enterprises capture more and more data of all types – structured, semi-structured, and unstructured – data discovery requirements for business intelligence (BI), Big Data, and predictive analytics initiatives grow more complex. A company’s ability to become data-driven and compete on analytics depends on the speed with which it can provision their analytics applications with all relevant information. The task of finding data has traditionally resided with IT, but now organizations increasingl...
Oct. 4, 2015 09:00 AM EDT Reads: 345
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text...
Oct. 4, 2015 08:30 AM EDT Reads: 146
SYS-CON Events announced today that Agema Systems will exhibit at the 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Agema Systems is the leading provider of critical white-box rack solutions to data centers through the major integrators and value added distribution channels.
Oct. 4, 2015 08:30 AM EDT Reads: 564
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated a...
Oct. 4, 2015 08:00 AM EDT Reads: 375
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
Oct. 4, 2015 08:00 AM EDT Reads: 292
For almost two decades, businesses have discovered great opportunities to engage with customers and even expand revenue through digital systems, including web and mobile applications. Yet, even now, the conversation between the business and the technologists that deliver these systems is strained, in large part due to misaligned objectives. In his session at DevOps Summit, James Urquhart, Senior Vice President of Performance Analytics at SOASTA, Inc., will discuss how measuring user outcomes –...
Oct. 4, 2015 08:00 AM EDT Reads: 289
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 4, 2015 08:00 AM EDT Reads: 323
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, ...
Oct. 4, 2015 08:00 AM EDT Reads: 333