TORONTO, April 11, 2013 /CNW/ – Toron Investment Management and AMI
Partners have agreed to combine to create a pre-eminent,
privately-owned Canadian investment management firm with unique
expertise and top-tier track records in global and domestic investing.
The firm, once unified, will serve clients who have entrusted more than
$3.5 billion of assets in Canadian and global mandates.

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 Toron CEO & Managing Partner Arthur Heinmaa.

Toron AMI unifies complementary strengths: Canadian and global equities
selected exclusively through proprietary research for private and
institutional clients. Toron AMI will have a broader and deeper base of
investment thought and talent and will be able to expand its offerings
and services by pooling its expertise and offering a wider spectrum of
mandates.

“Both firms share important values – including excellent proprietary
research capabilities that will be further leveraged for the benefit of
clients. Together we offer the combination of philosophy, people and
prudence clients expect and the service excellence they deserve,” says
AMI Partners CEO Ron Patton.

Toron AMI unifies its professionals around five shared qualities and
values:

1. Proprietary research – our competitive advantage
2. Structured and repeatable investment processes – ensures consistency and
   discipline
3. Embedded risk management expertise – prudent approaches to protecting
   capital
4. Team-driven investment management – continuity of process, long-term
   approach
5. Clients first – independence aligns Toron AMI’s interests with those of
   its clients.

Toron Asset Management International will offer its clients unique
strengths derived from its shared values and complementary investment
expertise.

Subject to certain business terms and regulatory approvals, the full
integration of Toron AMI will take effect June 1^st, 2013. As both companies are privately held, details of the transaction
are not being disclosed.

About Toron AMI

Toron Asset Management International (Toron AMI), subject to certain
business terms and regulatory approvals, will be a privately held,
independent investment manager and counsellor servicing private and
institutional clients with $3.5 billion in assets under management.
Headquartered in Toronto, the company adheres to a collaborative team
investment strategy drawing on its deep expertise at managing market
risk and a global perspective on selecting promising investment
opportunities. A controlling interest in Toron AMI will be held by
Cidel Financial Group, a leading international wealth management firm.
Cidel has more than $5 billion in assets under management. Cidel serves
clients from its offices in Toronto, Calgary, and select financial
centres abroad.

SOURCE Toron Investment Management