GrowthWorks Canadian Fund Ltd. files for creditor protection; cancels agreement with Matrix subsidiary
1832 moniker is the first step in gathering together Scotiabank’s asset management businesses
Purpose Investments is able to access all distribution channels by offering a choice between ETFs or mutual funds
Matrix to focus on retail venture capital funds
Marquest deal, August debt financing expected to improve asset management company’s capital position
Deal boosts IA’s distribution, private client management
New ownership arrangement with Marquest highlights Seamark brand
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.”