CIBC Asset Management hired Morgan Stanley Investment Management and Rothschild Asset Management as subadvisers to two pooled equity portfolios.
MSIM and Rothschild will subadvise the C$24 million ($18 million) Imperial U.S. Equity Pool and C$50 million Renaissance U.S. Equity Private Pool, CIBC said in a news release.
Rothschild also will subadvise the C$38 million Renaissance U.S. Equity Value Fund.
The two managers will join CIBC Asset Management, American Century Investment Management, Pzena Investment Management and Sustainable Growth Advisers as subadvisers on the Imperial U.S. Equity Pool.
For the Renaissance U.S. Equity Private Pool, MSIM and Rothschild will join INTECH Investment Management, Pzena and SGA.
Rothschild is the only subadviser for the Renaissance Equity Value Fund.
CIBC manages C$115 billion in overall assets.
Caroline Van Hasselt, CIBC spokeswoman, could not provide further information by press time.
