The asset management arm of Canadian Imperial Bank of Commerce has merged 19 mutual funds as part of an initiative creating a unified offering under a new brand, Renaissance Investments. “Renaissance Investments combines the strengths of the Talvest and Renaissance mutual fund families, creating a unified offer that will benefit our clients,” said Steve Geist, president of CIBC Asset Management. CIBC Asset Management also confirmed the termination of the Talvest Canadian Multi Management Fund on 10 August as part of the merger of several of its underlying funds. Unitholders were given direct ownership of units in the four underlying funds. On 17 August, three of the four funds were merged and renamed: Talvest Canadian Equity Value Fund was merged into Renaissance Canadian Core Value Fund; Talvest Canadian Equity Growth Fund was merged into Renaissance Canadian Growth Fund and Talvest Small Cap Canadian Equity Fund was merged into Renaissance Canadian Small-Cap Fund. The fourth fund, Talvest Millennium Next Generation Fund, was renamed Renaissance Millennium Next Generation Fund.