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

Blog

Investors Beware... Of Investors

Scott Burg weighs in on the active vs. passive management debate and examines whether individual investors are successful in moving in and out of particular investment strategies at the right time.

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Scott Burg, CIBC Atlantic Trust

Firm Expert

Scott M. Burg, CFA, CAIA

Senior Investment Analyst

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Lisa Teesarik

Firm Expert

Lisa K. Tesarik, CFA

Senior Platform and Product Manager

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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

Blog

Hedge Funds: Falling Fees

Recent years of underperformance and a growing number of cheaper alternatives have collectively played a role in challenging hedge funds to develop reasonable fees.

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Blog

What is Artificial Intelligence
and Why Should Investors Care?

Artificial intelligence is one of the most exciting and transformative opportunities on the horizon.

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Ohm Srinivasan, CIBC Atlantic Trust

Firm Expert

Ohm M. Srinivasan, CFA

Co-Manager, Hedge Funds

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Jigar Patel

Firm Expert


Jigar Patel, CFA

Co-Manager, Hedge Funds

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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

Understanding your Private Equity Returns

When comparing performance to that of a stock portfolio, the numbers of a private equity portfolio are not as straightforward. Investors may wonder if private equity actually adds value to portfolios.

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Daniel Criscuolo, CIBC Atlantic Trust

Firm Expert

Daniel A. Criscuolo

Senior Investment Analyst

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Lester Duke, CIBC Atlantic Trust

Firm Expert

Lester P. Duke, CFA

Senior Investment Analyst

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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.

CIBC Atlas Clean Energy Index

Contact the Clean Energy Team

ESG Is More Than Just 3 Letters

The notion that environmental, social and governance (“ESG”) factors could have a meaningful, financial impact was often discarded and cast to the shadows. However, more investors than ever are sidestepping out-of-date stereotypes and myths about sustainable and responsible investing, and are now ready to act.

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Renewable Energy Growth Opportunity

Modern electricity generation is increasingly shifting toward renewable sources such as solar and wind power, which raises questions from investors on what this means for natural gas demand.

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The Advisor

A Sunny and Windy Forecast: Clean Energy Moves Into the Mainstream

There's no question that energy is what makes the world go 'round. Nor that traditional resources—primarily fossil fuels—are ultimately finite.

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In the News

06.19

Barron's: Will Values-Based Investing Ever Take Off?

John Tennaro discusses the ESG space in this Barron's article.

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John Tennaro, CIBC Private Wealth

Firm Expert, Impact Investing


John C. Tennaro, CIMA®, CSRIC™

Head of ESG and Impact Investing Solutions

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Nakia Maddox-Eubanks, CIBC Private Wealth

Firm Expert, Clean Energy
 

Lance Marr, CFA

Senior Investment Analyst

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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.

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Questions about our platform

Contact Jack Caldwell, CFP®, Managing Director

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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.

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