Posted AT 8:52 AM EST on 23/08/08
CI Financial eyes Scotiabank's mutual fund arm
CI Financial Income Fund could be heading for the top spot among Canadian fund managers and a starring role in financial services consolidation, as the company acknowledged yesterday it is in talks with a number of institutions, including Bank of Nova Scotia.
CI, the No. 3 player in a mature domestic mutual fund market with $102-billion of assets, is negotiating a takeover of Scotiabank's mutual fund arm, the No.
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