Toronto-based firm takes issue with methodology used by Morningstar DBRS, which downgraded it earlier this year
Wealth management firms based in Florida and North Carolina serve ultra-high-net-worth clients
Rating outlook remains negative as credit fundamentals weaken
Firm posts $154.4-million loss as investors exit balanced funds, cash-like products
Firm announces bid to repurchase up to $85 million of its shares
CIO Marc-André Lewis will become co-head of CI Global Asset Management as of Jan. 1
The firm also saw net outflows of $465 million across its entire asset management segment
The acquisition adds to CI's ultra-high-net-worth business
Toronto-based firm sold 20% stake in U.S. business in May
Proceeds of $1.34-billion deal will pay down debt