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Slide #20. CI Financial Corp — Majority stake in Marret Asset Management
CI Financial Corp (TSE:CIX.CA)
Majority stake in Marret Asset Management
CI Financial Corp. ("CI") today announced that it has reached an agreement to acquire a majority interest in Marret Asset Management Inc., a leading alternative asset manager specializing in global and Canadian fixed income. Toronto-based Marret is led by Barry Allan, who has over 30 years of investment experience and has successfully managed portfolios across the income spectrum.
CI Financial is a diversified wealth management firm and asset management companies. Co.'s primary business is the management and distribution of financial products and services, including mutual funds, segregated funds, exchange-traded funds, financial planning, insurance, investment advice, wealth management and estate and succession planning. Co operates through two business segments, asset management provides income and derives its revenue principally from the fees earned on the management of investment funds and other fee-earning investment products and wealth management derives its revenue prinipally from fees and commissions for providing financial planning and advise.
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