CI Investments plans to integrate its Castlerock Investments mutual funds into the CI family of funds. These and other changes will enhance the efficiency of its overall lineup.

Current changes include:

  • Moving the administration of the Castlerock mutual funds from a third-party service provider to CI’s back office, effective on July 26, 2012.
  • Changing the names of 17 Castlerock funds, effective on July 26, 2012.
  • Merging 11 Castlerock funds into CI funds with similar mandates.
  • Merging 8 CI, Signature and Lakeview-branded funds into other CI funds.

The mergers will be effective on September 10, 2012, pending security holder and regulatory approvals.

“We’re merging 19 funds to reduce duplication between the two fund families,” says Derek J. Green, CI President.

After the mergers, CI will no longer use the Castlerock brand name—the name given to Hartford Investments Canada when it was acquired by CI’s parent company in December 2010. Castlerock operated separately from CI, with the Castlerock funds on a separate administrative platform.

“This is the final stage in integrating the acquisition [of Hartford],” says Green.