CI Financial shares lose value amid US deal spree
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CEO’s radical remake was accompanied by the exodus of 13 portfolio managers, traders and analysts to the Bank of Montreal.
The directors of CI Financial Corp. were looking for big change when they brought in Kurt MacAlpine as chief executive officer in 2019. They got it, and now one of Canada’s largest independent asset managers is a little less Canadian, and a lot less valuable.
MacAlpine’s overhaul has included
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