External Investment Managers
External expertise: An early adopter
We established our Multi-Manager Investment Program (MMIP) in 1992 (through legacy firms) to complement our internal expertise. Since then, the MMIP team has researched thousands of managers, performing in-depth, qualitative and quantitative due diligence.
In a typical year, there are approximately 150 external managers on our platform, covering almost every asset class and strategy: public equity, fixed income and liquid alternatives, hedge funds, private equity, venture capital, private real estate and commodities.
As part of our objective manager selection process, every manager added to our platform must:
Our mission to identify best-in-class managers that can add long-term value to our clients’ portfolios is achieved only through a rigorous and fair assessment of these managers. Our firm does not accept compensation from external managers as part of our approval process. For some hedge funds of funds, CIBC Private Wealth receives a placement fee, which may be higher or lower than a client’s account-level fee, and waives the account-level fee on the monies invested in that fund. This arrangement eliminates a third layer of fees on these funds of funds.
Traditional
When selecting traditional US, global and non-US equity, global fixed income and real asset strategies to complement our internal offerings, we utilize quantitative and qualitative research to identify managers with strong and consistent risk-adjusted performance, a strict investment philosophy and repeatable process.
Firm expert
Scott Burg, CFA, CAIA
Senior Investment Analyst
Private Markets
We seek private market investments in corporate buyouts, credit opportunities, special situations, venture capital and private real estate partnerships intended to provide tax-efficient, premium returns to the public equity market, broad diversification and unique entry and access.
Firm experts
Daniel A. Criscuolo
Senior investment analyst
Lester P. Duke, CFA
Senior investment analyst
Hedge Funds
Our goal is to construct customized hedge fund portfolios using high-quality managers across equity long/short, global fixed income, hedge funds-of-funds, opportunistic themes, regional and single strategy investments that are likely to provide premium returns, net of fees, within acceptable risk parameters.
Firm experts
Jigar Patel, CFA
Managing Director and Portfolio Manager
Ohm M. Srinivasan, CFA
Managing Director and Head of Manager Research & Alternative Investments
ESG and Impact Investing
ESG and impact investing seeks to generate a measurable and meaningful environmental, social or governance impact alongside a positive financial return.
Clean Energy
We offer access to diverse investment opportunities within renewables and clean technologies including solar, wind, smart grid, biofuel, geothermal, electric vehicles and fuel cell exposure.
CIBC Atlas Clean Energy Index (NYSE: NACEX)
Firm experts
Lance Marr, CFA
Senior Investment Analyst