Toron Investment Management and AMI Partners are combining to create a privately owned Canadian investment management firm.
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 Arthur Heinmaa, Toron CEO and managing partner.
Subject to certain business terms and regulatory approvals, the full integration of Toron AMI will take effect June 1, 2013. As both companies are privately held, details of the transaction are not being disclosed.