CI Financial to acquire the remaining stake in Lawrence Park Asset Management.

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.