CIBC adds two fixed-income institutional pools, announces new hires

By Tali Rackner

Norfolk, Va., Oct. 2 – CIBC Asset Management Inc. announced a suite of new fixed-income products for institutional investors and added four new hires, according to a press release.

CIBC introduced the CIBC Canadian Bond Core Plus Pool and the CIBC High Yield Bond Pool to enable institutional investors to diversify fixed-income holdings beyond a traditional core strategy.

The Canadian Bond Core Plus Pool employs a multi-strategy active approach for managing Canadian fixed income to improve portfolio diversification and enhance expected returns by allocating beyond the Canadian market.

The High Yield Bond Pool provides a global portfolio seeking additional yield and price appreciation opportunities with modest incremental risk, the release said. It has been structured to minimize the impact of company-specific events.

The high-yield portfolio is constructed of undervalued and underrated securities, attempting to avoid distressed and deteriorating credits, which seek to achieve long-term superior risk-adjusted performance.

In addition to the fixed-income institutional pools, CIBC announced the hiring of Trevor Bateman as vice president and senior analyst in credit; Scott Vali as vice president and portfolio manager in equities; Sara Shahram as associate portfolio manager in equities; and Brent Reuter as vice president in institutional business development.

CIBC Asset Management is the asset management subsidiary of CIBC. It is one of Canada’s largest asset management firms.

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