Mackenzie Financial Corp. has closed the previously announced transaction to acquire all of the assets of Cundill Investment Research Ltd. and related entities, the firm announced late Friday.

Under its longstanding relationship with Mackenzie, Cundill served as a sub-advisor to over $12.5 billion in assets of the Mackenzie Cundill mutual funds and other Mackenzie mandates. The Cundill Group also manages over $3 billion of institutional and high net worth mandates to a global client base.