On February 14, 2012, CI Financial Corp announced it had acquired a significant minority interest in Lawrence Park Asset Management, and would become a lead investor in the LP Credit Strategies Fund. At the time of the transaction, CI President and CEO Stephen MacPhail described Lawrence Park as “an exceptional opportunity for growth and a firm that can benefit from CI’s support.”
CI Financial (TSX: CIX) was founded in 1965 and is Canada’s leading independent investment manager with over $98 Billion of assets under management.
Read the CI Press Release here.
Read the Lawrence Park Press Release here.