CI buys majority stake in Marret

CI Financial Corp. has announced that it has reached an agreement to acquire a majority interest in Marret Asset Management Inc., an alternative asset manager specializing in global and Canadian fixed income.

By Staff | September 26, 2013 | Last updated on September 26, 2013

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CI Financial Corp. has announced that it has reached an agreement to acquire a majority interest in Toronto-based Marret Asset Management Inc., an alternative asset manager specializing in global and Canadian fixed income.

Read: What’s up in the boutique sector? for an interview with Marret CEO Marg Franklin

CI is purchasing 65% of Marret, along with an option to acquire the remainder after three years.

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