Assante to buy DPM Group

Article Abstract:

Assante Capital Management Inc., a holding company based in Winnipeg, Ontario, has agreed to acquire DPM Group Inc., a holding company based in Montreal, Quebec, as part of a strategy to form a financial planning powerhouse in Canada. Terms of the agreement, which include a share swap, will raise Assante Capital's assets by C$2.5 billion to over C$15 billion while allowing DPM to continue to conduct business under its current name. Assante Capital Executive VP Kishore Kapoor noted that the acquisition will allow Assante Capital to offer firms under its umbrella with more sophisticated wealth management advice and resources.

Comment:

Agrees to acquire DPM Group Inc, a holding company based in Montreal, Quebec

Asset sales & divestitures, Acquisitions & mergers, Quebec, Ontario, Financial Holding Companies, Offices of Bank Holding Companies, Article, DPM Group Inc., Assante Capital Management Inc.

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AGF removes Driehaus from two small-cap funds

Article Abstract:

Mutual fund company AGF Management Ltd has dropped Driehaus Capital Management Inc of Chicago, IL, from its C$232.8-millionm AGF 20/20 RSP Aggressive Equity Fund and the C$340.8-million 20/20 RSP Aggressive Smaller Companies. The two small-cap funds underperformed their sector in the year ended July 30, 1999. Driehaus will be retained to manage the C$502.7-million 20/20 Aggressive Growth Fund and the C$90.6-million 20/20 Global Stock Fund.

Canada, Use of services, New orders received, Investment Companies, Open-End Investment Funds, Investment Advisory Services, Investment Advice, Investment advisers, AGF Management Ltd.

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