CI Global Asset Management (CI GAM) has reached an agreement to take over Forge First Asset Management, an alternative asset manager based in Toronto. Financial details of the acquisition were not disclosed. Forge First managed assets worth around $1bn. It oversees four investment funds, comprising two liquid alternatives mutual funds and two limited partnerships, which are offered through investment dealers, encompassing all major Canadian bank-owned dealers. The firm employs a “long-short” strategy f ...

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