CI GAM to acquire Canadian investment fund assets of Invesco for CAD26bn.

CI GAM, a Canadian asset management subsidiary of CI Financial Corp, agreed to acquire Canadian investment fund assets of Invesco, an investment management company, for CAD26bn. "This acquisition will cement our ranking as one of the largest investment fund companies in Canada and position the firm for continued growth. It also reflects CI Financial's continued commitment to investing in our Canadian businesses and highlights how operating as a private company allows us to unlock new opportunities to create meaningful long-term value for CI and our clients," Kurt MacAlpine, CI GAM Chief Executive Officer.