TORONTO--(BUSINESS WIRE)--

CI Global Asset Management (“CI GAM”) today announced it has completed the acquisition of Toronto-based alternative asset manager Forge First Asset Management Inc. (“Forge First”).

The transaction, first announced on September 9, 2025, adds four alternative investment funds with combined assets of approximately $900 million to CI GAM.

“This acquisition strengthens CI GAM’s position as a leader in alternative investments in Canada,” said Marc-André Lewis, President and Chief Investment Officer, CI GAM. “We are deepening our capabilities and adding complementary strategies to our diverse lineup – providing advisors and investors with an enhanced selection of proven, high-quality solutions.”

The Forge First funds, which include two liquid alternative mutual funds and two limited partnerships, invest in North American securities using a long-short approach that seeks a balance between asset protection and capital enhancement. The Forge First team has achieved consistent risk-adjusted returns in a rapidly changing market environment. The Forge First investment team, led by Keenan Murray, continues to manage the Forge First funds.

The funds extend CI GAM’s robust suite of alternative investment solutions, which include liquid alternatives and private markets funds.

Terms were not disclosed. Morrison Park Advisors served as financial advisor and Borden Ladner Gervais LLP was legal advisor to Forge First. Stikeman Elliott LLP was legal advisor to CI GAM.

About CI Global Asset Management

CI Global Asset Management (CI GAM) is one of Canada’s leading investment management firms, providing a comprehensive suite of solutions – including mutual funds, exchange-traded funds and alternative investments – to help Canadians achieve their financial goals. Founded in 1965, CI GAM has built an enduring legacy of innovation, disciplined portfolio management and commitment to investor success. Our investment team brings deep expertise in fundamental research, portfolio construction and risk management to deliver results across a broad range of asset classes. We partner with financial advisors, wealth management firms and institutions to serve more than 1.3 million investors. CI GAM is a subsidiary of Toronto-based CI Financial Corp., a diversified global asset and wealth management company. For more information, visit www.ci.com or follow us on LinkedIn.

Assets under management are as of October 31, 2025.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Alternative investment funds have the ability to invest in asset classes or use investment strategies that are not permitted for conventional mutual funds. The specific strategies that differentiate these investment funds from conventional fund structure include increased use of derivatives for hedging and non-hedging purposes; increased ability to sell securities short; and the ability to borrow cash to use for investment purposes. While these strategies will be used in accordance with the investment funds' investment objectives and strategies, during certain market conditions they may accelerate the pace at which your investment decreases in value.

Private markets funds are only being made available to “accredited investors” (as such term is defined in the Securities Act (Ontario) or National Instrument 45-106 – Prospectus Exemptions, as applicable) resident in, or otherwise subject to the securities laws of, any province or territory of Canada, or pursuant to such other exemptions from the prospectus requirements under applicable securities legislation.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2025. All rights reserved.

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Source: CI Global Asset Management