Mackenzie to manage Cundill funds

Article Abstract:

Mackenzie Financial Corp., a mutual fund company based in Toronto, Ontario, has struck a deal to takeover administration and sale of the mutual funds of Peter Cundill & Associates Ltd. of Vancouver, British Columbia. The deal, which is still subject to approval of regulators, is slated to be completed as early as September 1998. The takeover will make Cundill funds the fourth fund family of Mackenzie, in addition to those sold under the Industrial, Ivy and Universal names. Peter Cundill & Associates, a private investment firm, manages Cundill Security and Cundill Value funds.

Comment:

Strikes deal to takeover administration & sale of mutual funds of Peter Cundill & Associates Ltd of Vancouver, BC

Acquisitions & mergers, Ontario, British Columbia, Article, Peter Cundill and Associates

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AIC was approached on sale of stake in Mackenzie: CEO

Article Abstract:

AIC Ltd has announced that a group of investment bankers is interested in buying its large holdings in Mackenzie Financial Corp. The company holds a 19.3% stake in Mackenzie through its mutual funds and a 3% direct interest through its corporate account. Among the possible buyers of Mackenzie are Aim Funds Management Inc of Toronto, Ontario, and Merrill Lynch Asset Management.

Canada

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