Proprietary Strategies

Value Delivered Through Proprietary Investments

Though many try, we believe that it is virtually impossible for one firm to build internal strategies that outperform across all asset classes. Beating the market is no easy thing, and we attempt to do so only where we believe we have seasoned professionals with a high-conviction investment philosophy and a perfomance edge. In other words, the bar is set high. We believe the track records of our carefully chosen internal strategies clear those high standards.


Atlantic Trust

Disciplined Equity

The Disciplined Equity Strategy is a tax-efficient, large-cap U.S. equity strategy with a focus on leading companies that generate significant free cash flow.

Four important factors drive its strong results:

  • A focus on bottom-up fundamental analysis to identify quality companies to invest in for the long term.
  • An emphasis on free cash flow.
  • Opportunistic buying and disciplined selling.
  • A right-sized team, committed to the Strategy—and to clients—averaging 17 years' industry experience.

Podcast

as of 06.21.16

Atlantic Trust Disciplined Equity Strategy

Brant Houston, CFA, co-manager of the Disciplined Equity Strategy, discusses what he believes differentiates the Atlantic Trust Disciplined Equity Strategy from its peers.

Listen (6:38)

Firm Expert


Patricia A. Bannan, CFA

Co-Manager, Disciplined Equity Strategy

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Firm Expert


Brant Houston, CFA

Co-Manager, Disciplined Equity Strategy

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Atlantic Trust

Mid-Cap Growth

The Mid-Cap Growth Equity Strategy is a tax-efficient, U.S. mid-cap equity strategy that seeks long-term capital appreciation by investing in high-quality companies with excellent business models that generate consistent, strong financial returns.

Three important factors drive its strong results:

  • A stringent philosophy and process for assessing business models, determining quality and identifying consistent growth prospects that have been successfully utilized since the Strategy’s inception.
  • An adherence to strict risk controls to avoid exposing clients to undue risk in our estimation.
  • A notably experienced and stable team including co-portfolio managers with over 20 years' tenure together on the Strategy.

The Advisor

Q3 2016 Edition

Boom, Bust, Recovery

Housing is now in a modest, but solid, recovery, in large part due to spending on R&R—repair and remodeling.

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Firm Expert


Jay Pearlstein, CFA

Co-Manager,
Mid-Cap Growth Equity Strategy

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Firm Expert


Frederick L. Weiss, CFA

Co-Manager,
Mid-Cap Growth Equity Strategy

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Atlantic Trust

Income Opportunities

The Income Opportunities Strategy is a tax-efficient, income-generating U.S. equity and fixed income strategy that seeks current income and long-term capital appreciation by investing in high-quality companies with significant free cash flow.

Three important factors drive its strong results:

  • A diversified source of income and asset class exposures to generate income with growth outpacing inflation.
  • A disciplined investment process with a focus on quality.
  • A notably experienced, committed team averaging 18 years' industry experience.

Webinar

as of 09.08.16

Is It Over Yet? Thoughts on the Election and Markets

Housing is now in a modest, but solid, recovery, in large part due to spending on R&R—repair and remodeling.

Watch now

Firm Expert


Gary E. Pzegeo, CFA

Head of Fixed Income

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Firm Expert


Brant Houston, CFA

Co-Manager, Income Opportunities Strategy

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Atlantic Trust

Fixed Income

Customized portfolios that focus on intermediate-duration, investment-grade municipal and taxable bonds with a heavy emphasis on credit quality.

Our actively managed fixed income strategy integrates bond market expertise into CIBC Atlantic Trust’s overall wealth management philosophy:

  • Managed to provide current income and store of wealth.
  • Manages risk/return of entire portfolio to build long term purchasing power.
  • Customizes strategies to meet specific client objectives.
  • Leverages proprietary industry and corporate research resources.

White Paper

as of 12.31.16

Premium Bonds: Don't Ignore Their Advantages

A bond offered at a premium should not be rejected for the sole reason that it has a dollar price above par.

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Podcast

as of 09.30.16

Avoiding Sticker Shock in the Municipal Market: Why Investors Prefer Premium BOnds

Dan Skolochenko, fixed income portfolio manager for CIBC Atlantic Trust, discusses the high price levels in the municipal bond market and explains why investors may prefer to own premium bonds.

Listen (6:48)

Firm Expert


Gary E. Pzegeo, CFA

Head of Fixed Income

Gary Pzegeo joined CIBC Atlantic Trust in 2007 as head of fixed income, focusing on portfolio management, trading, policy formulation and client service.

 

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Atlantic Trust

Hedge Funds of Funds

Alternative strategy that seeks to reduce overall portfolio risk through diversified hedged strategies with low correlations to traditional asset classes.

Three important factors drive its strong results:

  • A "top-down" and "bottom-up" institutional investment process that combines dynamic portfolio construction and pragmatic risk management delivered in an institutional framework.
  • A flexible hedge funds structure that can cope with non-normal asset prices.
  • A notably experienced and stable team including co-portfolio managers with over 14 years' industry experience.

The Advisor

Q1 2017 Edition

Inflection Point

Forget what you may have learned in calculus—that an inflection point is the point where the direction of a curve changes. Instead, think of inflection point's other definition: a time of significant change in a situation; a turning point after which a dramatic change is expected to result.

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White Paper

as of 12.31.16

Hedge Funds: Taking a Fresh Look

Each hedge fund strategy is constructed to take advantage of certain identifiable market opportunities. Because they may have low correlations with a traditional portfolio of stocks and bonds, allocating an exposure to hedge funds can be a good diversifier.

Firm Expert


Jigar Patel, CFA

Co-Manager, Hedge Funds

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Firm Expert


Ohm Srinivasan, CFA

Co-Manager, Hedge Funds

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Atlantic Trust

Energy Infrastructure

The CIBC Atlantic Trust investment research team also includes a seasoned group of portfolio managers and analysts focused on energy infrastructure, including Master Limited Partnerships (MLPs).

Barron's

as of 07.14.16

Yield-Starved Investors Should Embrace MLPs

"There is significant potential upside as the MLP sector closes the gap to other yield products," writes Adam Karpf, co-manager of energy infrastructure strategies at CIBC Atlantic Trust.

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Firm Expert


Adam R. Karpf, CFA

Co-Manager, Energy Infrastructure Strategy

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Firm Expert


Paul M. McPheeters, CFA

Co-Manager, Energy Infrastructure Strategy

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Team Geneva Advisors

All Cap Growth

The All Cap Growth strategy seeks to outperform the market by investing in quality, high-growth companies, experiencing strong and visible growth. The strategy has a high active share and the ability to invest across all market capitalizations.

Three important factors drive its strong results:

  • Quality growth: focuses on quality, high-growth companies with strong near-term and long-term growth prospects and positive business momentum.
  • High conviction: conviction-weighted portfolio with high active share
  • Flexible: ability to invest in companies across the entire market capitalization spectrum.

Firm Expert


Robert C. Bridges

Co-Head,
Team Geneva

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Firm Expert


John P. Huber

Co-Head,
Team Geneva

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Team Geneva Advisors

Large Cap Growth

The Large Cap Growth strategy aims for growth with low volatility by investing in large market capitalization companies. These are high-quality companies that are generally dominant in their industries and that exhibit above-average earnings growth and strong competitive positions.

Three important factors drive its strong results:

  • Established: focuses on companies with capitalizations generally above $10 billion and above-average earnings growth.
  • Competitive advantage: invests in companies that exhibit strong competitive positions, high levels of earnings visibility, strong profitability and superior management.
  • Consistent growth: seeks stable companies with consistent, long-term growth.

Firm Expert


Robert C. Bridges

Co-Head,
Team Geneva

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Firm Expert


John P. Huber

Co-Head,
Team Geneva

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Firm Expert


Gordon C. Scott, CFA

Portfolio Manager, Equities

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Team Geneva Advisors

Small Cap Opportunities

The Small Cap Opportunities strategy seeks to invest in high-quality companies with long runways for growth. The strategy has a high active share and consists of small-market capitalization companies.

Three important factors drive its strong results:

  • Diversified growth: seeks companies with above average earnings growth that Team Geneva Advisors classifies as either a consistent grower or an emerging power.
  • High conviction: conviction-weighted portfolio with high active share.
  • Opportunistic: seeks companies falling victim to short-term market dislocations despite strong long-term growth prospects.

Firm Expert


Daniel P. Delany, CFA

Portfolio Manager, Equities

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Firm Expert


Jim L. Farrell, CFA

Portfolio Manager & Analyst, Equities

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Team Geneva Advisors

Equity Income

The Equity Income strategy's primary focus is on total return, with the ability to invest in high-quality common stocks, Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs) that exhibit dividend growth greater than the market. The portfolio aims to provide lower volatility than the overall market.

Three important factors drive its strong results:

  • Attractive dividend growth: seeks securities growing their dividends at an above-average rate.
  • High conviction: high-conviction portfolio of companies with above-average revenue, cash flow and earnings growth.
  • Flexible: ability to invest in a range of income securities including dividend-paying common stocks, REITs and MLPs.

Firm Expert


Robert C. Bridges

Co-Head,
Team Geneva

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Firm Expert


John P. Huber

Co-Head,
Team Geneva

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Firm Expert


Gordon C. Scott, CFA

Portfolio Manager, Equities

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Team Geneva Advisors

Equity Income (Non K-1)

The Equity Income Non K-1 strategy's primary focus is on total return, with the ability to invest in high-quality common stocks, Real Estate Investment Trusts (REITs) and C-Corporations with Master Limited Partnership (MLP) exposure that exhibit distribution growth greater than the market. The strategy follows the same investment process as our Equity Income strategy except in order to simplify client tax reporting, the strategy does not invest in securities that generate K-1s. The portfolio aims to provide lower volatility than the overall market.

Three important factors drive its strong results:

  • Attractive dividend growth: seeks securities growing their dividends at an above-average rate.
  • High conviction: high-conviction portfolio of companies with above-average revenue, cash flow and earnings growth.
  • Flexible: ability to invest in a range of income securities including dividend-paying common stocks, REITs and C-Corporations with MLP exposure (avoid generating K-1s by not investing in MLPs directly).

Firm Expert


Robert C. Bridges

Co-Head,
Team Geneva

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Firm Expert


John P. Huber

Co-Head,
Team Geneva

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Firm Expert


Gordon C. Scott, CFA

Portfolio Manager, Equities

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Team Geneva Advisors

International Growth

The International Growth strategy focuses on high-quality international companies that sustain higher-than-average earnings growth over extended periods of time. The strategy employs a fundamental bottom-up stock selection process while maintaining sector and geographic awareness.

Three important factors drive its strong results:

  • Diversified growth: seeks companies that derive the majority of their revenues and growth internationally and have sustainable business models with above-average earnings growth.
  • High conviction: conviction-weighted portfolio with high active share.
  • Multi-cap: ability to invest in companies across all market capitalizations.

Firm Expert


Daniel P. Delany, CFA

Portfolio Manager, Equities

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Firm Expert


Matt Scherer, CFA

Portfolio Manager and Analyst, Equities

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Team Geneva Advisors

Intermediate Bond

The Intermediate Bond strategy's objective is to balance capital preservation, income generation and growth of principal. The strategy invests in investment-grade corporate bonds, mortgage-backed securities, taxable municipal bonds and U.S. government securities. The strategy delivers a core portfolio for investors looking for investment-grade fixed income exposure.

Three important factors drive its strong results:

  • Conservative: purchase all investment-grade, high-quality bonds from large, reputable corporations and government agencies.
  • Active: actively managed sector positioning coupled with effective interest rate risk management.
  • Diversified: all-weather, core bond portfolio that provides broad exposure to the investment-grade bond universe.

Firm Expert


Timothy Musial, CFA

Portfolio Manager, Fixed Income

Tim Musial is a fixed income portfolio manager for CIBC Atlantic Trust Private Wealth Management with 22 years of experience. His role includes contributing to the firm’s fixed income portfolio strategy, analysis and trading of both taxable and tax-exempt bond investments.

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Team Geneva Advisors

Tax-Exempt Municipal Bond

The Tax-Exempt Municipal Bond strategy was developed to allow capital preservation and the generation of federally tax-exempt income. Our team accomplishes this by incorporating credit analysis, geographic exposure and bond structure to determine the suitability. This tax-free fixed income portfolio is structured to emphasize stability with minimal credit or interest rate risk.

Three important factors drive its strong results:

  • Preservation: tax-free fixed income portfolio structured with an emphasis on capital preservation.
  • Attractive yield: seek to maximize yield for a commensurate amount of risk while also managing duration and yield curve positioning.
  • Tax-efficient: municipal bonds may offer tax benefits for high income clients.

Firm Expert


Timothy Musial, CFA

Portfolio Manager, Fixed Income

Tim Musial is a fixed income portfolio manager for CIBC Atlantic Trust Private Wealth Management with 22 years of experience. His role includes contributing to the firm’s fixed income portfolio strategy, analysis and trading of both taxable and tax-exempt bond investments.

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Team Geneva Advisors

Total Return Bond

The Total Return Bond strategy's objective is to produce superior long-term performance relative to the Barclay's Aggregate Bond Index. The strategy utilizes an actively managed total return approach that invests in a diversified portfolio of fixed income instruments including high-yield fixed income securities. The flexible mandate allows for strategy sector allocations, tactical yield curve positioning and bottom-up security selection.

Three important factors drive its strong results:

  • Active: dynamic approach to managing a diversified portfolio of fixed income instruments across varying economic conditions.
  • Opportunistic: capitalizes on relative value opportunities via sector rotation and security selection with an eye on risk management.
  • Income: seeks to generate high levels of income coupled with capital appreciation.

Firm Expert


Timothy Musial, CFA

Portfolio Manager, Fixed Income

Tim Musial is a fixed income portfolio manager for CIBC Atlantic Trust Private Wealth Management with 22 years of experience. His role includes contributing to the firm’s fixed income portfolio strategy, analysis and trading of both taxable and tax-exempt bond investments.

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