Profits remain 15% below pre-crisis highs
Toronto-based Matrix Asset Management Inc. (TSX:MTA) said Monday evening it is targeting July 12 as the closing date for the previously announced proposed sale of the operating assets (excluding working capital) of Halifax-based Seamark Asset Management Ltd., a subsidiary of Matrix. As previously announced, Matrix has agreed to sell the Seamark assets to a newly […]
Sprott Inc. (TSX: SII) said Thursday the previously announced joint venture with CITICPE Hongkong Mgt. Co. Limited to set up an offshore global resource fund will not proceed. In May, Sprott CEO Peter Grosskopf said the partnership would “leverage Sprott’s unique resource investment platform and CITICPE HK’s investment expertise and in-depth knowledge in Asian markets.”
Newly combined firm offers Canadian and global investment management
Joseph Gelly to lead Toronto team in providing fiduciary solutions to Canadian pension plans
The firm is restructuring in the wake of the unsuccessful launch of the fund family
Rebranded asset management firm launches CQI Income Opportunities Fund
New firm to manage Seamark assets
New retail trade name splits marketing from investment management
Efficiencies may be found in human resources, office space and back-office functions, which could free up capital