Vencap asset management firm seeking alternative listing arrangements
GrowthWorks Canadian Fund Ltd. files for creditor protection; cancels agreement with Matrix subsidiary
Matrix to focus on retail venture capital funds
Marquest deal, August debt financing expected to improve asset management company’s capital position
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 […]
New firm to manage Seamark assets
Decision follows proposals in 2013 federal budget
Total expenses for the quarter dropped by 31%
Efficiencies may be found in human resources, office space and back-office functions, which could free up capital
Merged firm would offer greater growth opportunities