BPI acquisition expected to boost C.I
Article Abstract:
CI Fund Management Ltd's acquisition of BPI Financial Corp worth around C$230 million is expected to boost its assets to C$14.4 billion. The combined companies will be the 10th-biggest fund company in Canada, with total assets of $16.4 billion once institutional money and labour- sponsored and closed-end funds are included. The transaction is the latest in the mutual fund industry which has seen various consolidation.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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BRM to buy majority stake in two mutual fund dealers
Article Abstract:
BRM announced that it would acquire a majority stake in Regal Capital Planners and Investment Centre Financial Group Inc. The deal, which result in Canadian financial planning giant, is part of a consolidation trend among mutual fund dealers. The consolidation is attributed to the increasing costs of doing business caused by additional regulatory pressures and technological changes.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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