Job cuts at Mackenzie Investments, and more
Desjardins said it plans to operate the three companies as standalone entities
GuardPath funds aim for steady cash flow over 20 years or a large payout for survivors in 2042
CEO Ken Rae sells his stake but stays on as key leader
Assets under management grew 62% year over year
Both funds target companies that are expected to sustain strong, long-term growth
The acquisition adds more than $5.5 billion to the firm's assets under advisement
The industry veteran brings 20 years of experience to the role
Guardian’s Michele Robitaille trims energy holdings
Fund aims to provide and annual cash yield of 6-8%