Toron Investment Management, AMI Partners To Combine Forces: Pre-eminent Independent Firm Offers Enhanced Capabilities in Canadian and Global Markets

TORONTO, April 11, 2013 /CNW/ - Toron Investment Management and AMI Partners have agreed to combine to create a pre-eminent, privately-owned Canadian investment management firm with unique expertise and top-tier track records in global and domestic investing. The firm, once unified, will serve clients who have entrusted more than $3.5 billion of assets in Canadian and global mandates.

The combined firm will operate as Toron Asset Management International (Toron AMI), will be based in Toronto, and will continue to serve clients in Canada and abroad. Toron AMI's professionals will be shareholders and the firm will operate as a partnership.

Founded more than 50 years ago, AMI specializes in Canadian equity, fixed-income and balanced mandates for institutional clients. Toron Investment Management began operating 25 years ago as a risk management consultancy; for the past 15 years it has focused on global investment management, serving a growing client base of private clients and select institutions.

"This combination brings proven Canadian and global investment expertise and capabilities for institutional and private clients under one roof, while maintaining the relationships and investment styles that clients expect from us," says Toron CEO & Managing Partner Arthur Heinmaa.

Toron AMI unifies complementary strengths: Canadian and global equities selected exclusively through proprietary research for private and institutional clients. Toron AMI will have a broader and deeper base of investment thought and talent and will be able to expand its offerings and services by pooling its expertise and offering a wider spectrum of mandates.

"Both firms share important values - including excellent proprietary research capabilities that will be further leveraged for the benefit of clients. Together we offer the combination of philosophy, people and prudence clients expect and the service excellence they deserve," says AMI Partners CEO Ron Patton.

Toron AMI unifies its professionals around five shared qualities and values:

1. Proprietary research - our competitive advantage
2. Structured and repeatable investment processes - ensures consistency and discipline
3. Embedded risk management expertise - prudent approaches to protecting capital
4. Team-driven investment management - continuity of process, long-term approach
5. Clients first - independence aligns Toron AMI's interests with those of its clients.

Toron Asset Management International will offer its clients unique strengths derived from its shared values and complementary investment expertise.

Subject to certain business terms and regulatory approvals, the full integration of Toron AMI will take effect June 1^st, 2013. As both companies are privately held, details of the transaction are not being disclosed.

About Toron AMI

Toron Asset Management International (Toron AMI), subject to certain business terms and regulatory approvals, will be a privately held, independent investment manager and counsellor servicing private and institutional clients with $3.5 billion in assets under management. Headquartered in Toronto, the company adheres to a collaborative team investment strategy drawing on its deep expertise at managing market risk and a global perspective on selecting promising investment opportunities. A controlling interest in Toron AMI will be held by Cidel Financial Group, a leading international wealth management firm. Cidel has more than $5 billion in assets under management. Cidel serves clients from its offices in Toronto, Calgary, and select financial centres abroad.

SOURCE: Toron Investment Management

Media Contacts

James Porter
Partner & Managing Director
Toron Investment Management Inc.
[phone]
[email protected]

Margo Rapport
Vice President, Communications
H2 Central
[phone]
[email protected]