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Rudy Mezzetta CI Financial Inc. announced on Wednesday it is launching a new private investment product for accredited investors in Canada in a partnership between subsidiary CI Global Asset Management and U.S.-based Adams Street Partners LLC. The CI Adams Street Global Private Markets fund is available now for subscriptions closing March 31. “We’re expanding the availability of an entire investing category to high-net-worth investors that was previously accessible only to institutional investors,” said Kurt MacAlpine, CEO of CI Financial, in a release. Private market investments are th...

RIA M&A saw no slowdown in action in 2020 Deal watchers say 2021 will be another record year December 21, 2020 3 MINS The data is still being gathered, but preliminary results suggest the pace of consolidation in the RIA space was barely hampered by the effects of the global pandemic that effectively shut down, or at least locked down, much of the global economy. While the initial shock from COVID-19 came during the first quarter, which saw the S&P 500 Index fall by 30% in less than four weeks, the lagging nature of acquisition activity didn’t start showing up unt...

Bitcoin Fund Debuts on Canada’s Biggest Stock Exchange CI Global Asset Management has begun to trade on the Toronto Stock Exchange in Canada. The fund’s initial public offering managed to raise $72 million and units commenced trading in both U.S. dollars and Canadian dollars. CI Global Fund Begins Trading CI Global Asset Management has made it known that it has completed the initial public offering of the CI Galaxy Bitcoin Fund. According to the press release, $72 million was raised from the listing. Initially, the fund had different classes such as class A, class C,...

Canada's CI Financial completes US$72M IPO of Bitcoin fund Kevin Orland, Bloomberg News VIDEO SIGN OUT Canadian mutual fund manager CI Financial Corp. completed a US$72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally. The IPO consisted of units sold at US$12.88 ($10) apiece, CI Financial said in a statement Wednesday. The CI Galaxy Bitcoin Fund’s shares will start trading in U.S. and Canadian dollars on the Toronto Stock Exchange. The fund enables CI Financial’s clients to hold the cryptocurren...

Article content Canadian mutual fund manager CI Financial Corp. completed a US$72-million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally. The IPO consisted of units sold at $12.88 (US$10) apiece, CI Financial said in a statement Wednesday. The CI Galaxy Bitcoin Fund’s shares will start trading in U.S. and Canadian dollars on the Toronto Stock Exchange. We apologize, but this video has failed to load. Try refreshing your browser, or CI Financial completes $72-million IPO of Bitcoin fund Back to video The fund enable...