The companies believe the deal will result in a company that offers a more effective and viable platform for enhancing shareholder value
The names of 29 investment funds changed effective Dec. 15
Special meetings for six LOGiQ funds will reconvene on Nov. 10
LOGiQ's exit from the retail business is a result of its inability to become competitive by building scale
The $32.9-million deal expands and complements Purpose’s product lineup
The high-profile mutual fund manager will be setting up his own firm and enter into a subadvisory relationship with his former company
Fitzpatrick replaces Terence Lui, who remains with LOGiQ as vice president and general counsel
The firm was created late last year following the Front Street Capital and Aston Hill Financial merger
The two bring “a wealth of financial and capital markets experience that enhances the bench strength of the board,” the firm states
The firm will no longer go through with a planned merger and announced instead new mergers for each affected fund into its corresponding trust