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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 wealth management firm and an independent investment fund company. The principal business of Co. is the management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other investment products for investors. Co. has two main business segments: Asset Management, which is engaged in the management of families of mutual, segregated, pooled, exchangetraded, and closed-end funds, structured products and discretionary accounts; and Asset Administration, which is engaged in the sale of mutual funds and other financial products, and ongoing service to clients and capital market activities.
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