The asset manager is offering US$5.9 billion to acquire the remaining stake in the real estate firm
The moves follow a strategic review of the company's private wealth operations in the U.S.
Assets under management reached $177.7 billion, up 3.9% from the previous quarter
Total wealth management assets reached a record level in the quarter
CEO Kurt MacAlpine says the move will enhance collaboration across CI’s investment organization
Demographics represent yet another headwind for asset managers
The transaction is strategic without creating undue reliance on markets
Governance remains the top factor impacting investment decisions
August inflows were split evenly between equities and fixed income
The firm’s AUM was up 14% year over year