Lazard to sub-advise CIBC Latin American Fund

CIBC Asset Management Inc. announced on Thursday that Lazard Asset Management LLC will become the portfolio sub-advisor for the CIBC Latin American Fund.

Lazard manages the investment portfolios of institutional and individual investors around the world, offering a range of traditional and alternative strategies in listed equity and fixed income investments, CIBC said in a release. It has US$192.8 billion in assets under management.

The change will take effect on or about April 1, 2019.

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