CI Global Asset Management to Acquire Forge First Asset Management
Exciting Acquisition of Forge First Asset Management
Forge First Asset Management Inc. has announced a major development: it will be acquired by CI Global Asset Management. This significant move is set to bring new resources and opportunities to Forge First, enhancing its investment solutions and market presence.
About Forge First Asset Management
Founded with the aim of providing quality alternative investment solutions, Forge First manages a range of funds designed for both individual and institutional investors. Their offerings include two liquid alternatives mutual funds: the Forge First Conservative Alternative Fund and the Forge First Long Short Alternative Fund, along with other limited partnership funds available through various Canadian investment dealers.
Benefits of the Acquisition
The acquisition by CI Global Asset Management will allow Forge First to leverage the extensive capabilities and scale of CI’s resources. This partnership aims to bolster the funds’ visibility and accessibility, particularly among financial advisors and institutional clients.
CI GAM's expertise in distribution and marketing is expected to significantly amplify the reach of Forge First’s funds. As a result, clients can anticipate enhanced service delivery and investment strategies strengthened by CI GAM's research and analytical resources.
Operational Continuity Post-Acquisition
Despite this acquisition, Forge First is set to maintain its identity as an independent entity under its current name. The seasoned investment team, led by Keenan Murray, will continue to manage the funds, ensuring that there are no changes to the funds' objectives, strategies, or fee structures.
Looking Ahead
The acquisition transaction is projected to close in a future quarter, pending customary conditions and regulatory approvals. Upon completion, it’s poised to open up a wealth of opportunities for both firms, allowing them to work synergistically to provide stronger investment options for their clients.
About CI Global Asset Management
CI Global Asset Management is a prominent player in the investment management scene. Renowned for its diverse range of investment products, CI GAM focuses on delivering value to its investors through innovative and tailored solutions.
Main Contacts at Forge First
For more information, individuals are encouraged to reach out to:
Andrew McCreath
President and CEO
Telephone: 416-687-6771
Email: amccreath@forgefirst.com
Frequently Asked Questions
What is the significance of CI Global Asset Management acquiring Forge First?
The acquisition is expected to enhance Forge First’s resources, distribution capabilities, and overall market presence, benefiting existing and future clients.
Will Forge First continue to operate independently?
Yes, Forge First will maintain its operations as a separate entity while benefitting from the resources of CI GAM.
How will this acquisition affect current fund management?
There will be no changes to the fund management team or the investment strategies currently in place.
What funds does Forge First currently manage?
Forge First manages several alternative mutual funds aimed at balancing asset protection and capital growth.
What should clients expect post-acquisition?
Clients can anticipate improved services and diversified investment strategies enhanced by the support of CI Global Asset Management.
About The Author
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