Announced
Synopsis
CI Financial, the largest investment management firm by assets under management in Canada, agreed to acquire the remaining stake in Lawrence Park Asset Management, a Toronto-based alternative asset manager. Financial terms were not disclosed. "The Lawrence Park team has decades of experience in fixed-income markets and alternative investing, and has been a valued partner for CI since 2012. We are thrilled to finally bring that expertise in-house. Alternatives offer an array of benefits and are becoming increasingly embraced by advisors and investors. Building on CI’s leadership in this category is a priority for us as we modernize our asset management business," Kurt MacAlpine, CI CEO.
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