External Investment Managers
External Strategies
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 Management 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 strategies, we utilize quantitative and qualitative research to identify managers with strong and consistent risk-adjusted performance, a strict investment philosophy and repeatable process.
Covered Asset Classes
- U.S. Equities
- Non-U.S. Equities
- Global Fixed Income
- Commodities
- Liquid Alternatives
Hedge Funds
In hedge fund investments, returns have been driven by strategy and manager selection. Our goal is to construct customized hedge fund portfolios for clients using high-quality managers across a variety of strategies that are likely to provide premium returns, net of fees, within acceptable risk parameters.
Our Actively Managed Categories
Our MMIP team has approved 39 individual hedge funds and 7 funds of funds, containing approximately 200 underlying hedge funds, and actively monitors approximately 150 additional funds across the following classifications:
- Equity Long/Short
- Relative Value
- Event-Driven
- Global Trading
Private Markets
When selecting private market investments for customized client portfolios, we seek managers who can provide tax-efficient, premium returns to the public equity market. To provide broad diversification and entry, we actively invest with individual venture capital, leveraged buyout, energy and other private market firms, as well as industry-leading fund of funds managers.
Consisting of:
- Venture Capital
- Leveraged Buyouts
- Special Situation Funds
- Funds of Funds
ESG and Impact Investing
An approach to investing called ESG and impact investing seeks to create both financial return as well as positive social or environmental impacts that are actively measured.
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.
Firm Expert, Impact Investing
John C. Tennaro, CIMA®, CSRIC™
Head of ESG and Impact Investing Solutions
Investments & Wealth Institute™ (The Institute) is the owner of the certification marks “CIMA,” and “Certified Investment Management Analyst.” Use of CIMA, and/or Certified Management Analyst signifies that the user has successfully completed the Institute’s initial and ongoing credentialing requirements for investment professionals.
Firm Overview
CIBC Private Wealth can be your partner for all of your investment, wealth planning and private banking needs.
Multi-Manager Investment Program
The Multi-Manager Investment Program (MMIP) provides clients with access to institutional-quality investment managers with strong, risk-adjusted returns in a full range of asset classes.