CI Fund Management changes portfolio management of mutual and hedge funds

Date: Monday, January 24, 2005

CI Fund Management Inc. is changing the portfolio management of a number of other mutual and hedge funds. The firm says these changes reflect a decision by Nandu Narayanan, Chief Investment Officer of Trident Investment Management, LLC of New York, a sub-advisor to several CI mutual and hedge funds, to focus his company on hedge funds. Epoch Investment Partners, Inc. of New York has become portfolio advisor to CI Pacific Fund, CI Pacific Sector Fund, CI Japanese Sector Fund and CI Asian Dynasty Fund. William Priest, Chief Investment Officer of Epoch, and Daniel Geber have become lead portfolio managers, replacing Narayanan of Trident. This change will indirectly affect CI Pacific RSP Fund and CI Japanese RSP Fund. Priest, a 30-year veteran of Wall Street, is also lead portfolio manager of CI American Value Sector Fund, CI American Small Companies Fund and CI Global Small Companies Fund.