Marret, based in Toronto, is an alternative asset manager led by Barry Allan that specializes in global and Canadian fixed income, the company said today in a statement. CI said it’s purchasing a 65 percent stake, along with an option to buy the remainder after three years. The price wasn’t disclosed.
Marret, founded by Allan in 2001, focuses on investing in investment-grade and high-yield corporate debt, and alternative strategies on behalf of institutional, high net worth and retail clients. CI, based in Toronto, has approximately C$108.8 billion ($105 billion) in assets as of Aug. 31.
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