On November 19, 2020, Fiera announced the expansion of its "Core" small-cap team, co-led by Michael Chan and Ashish Chaturvedi. As lead portfolio manager of the Canadian Small Cap Core Strategy, Michael Chan continues to focus on the Canadian market. Ashish Chaturvedi continues to act as the lead portfolio manager of the Global Small Cap Strategy, launched in August 2019. Under this new structure, both strategies benefit from extensive research and portfolio management. In addition, the teams can rely on two analysts to support their research efforts.
On November 10, 2020, CI Investments Inc. announced the creation of CI Global Asset Management (CI GAM), a unified investment team, bringing together CI Investments and its in-house boutiques—Signature Global Asset Management, Cambridge Global Asset Management, Harbour Advisors, Sentry Investment Management, and CI Multi-Asset Management —under one brand, thereby increasing their investment depth and breadth as an organization.
Cambridge Global Asset Management also announced that Brandon Snow, Co-Portfolio Manager of the Cambridge Asset Allocation strategy, will be retiring in 2021 to spend more time with his family. Brandon Snow has been preparing his succession for the past two years and has successfully transferred his day-to-day responsibilities to other managers. Effective immediately, CI GAM has named Stephen Groff as Co-Portfolio Manager, he will be sharing the responsibility with Bob Swanson and Paul Marcogliese.
On November 3, 2020, CC&L announced that Paul Kim, an analyst on its Canadian Equity Fundamental team, made the difficult decision to return to the United States for family reasons. He left the team at the beginning of November. A search for his replacement is underway. In the meantime, his responsibilities will be fulfilled by other members of the team.