Premier builds strategic alliance

Canadian fund management group Mackenzie Financial plans to launch up to six funds in the UK market over the next year as part of its recent deal with Premier Asset Management Mackenzie, whose funds are sold mainly through IFAs in Canada and has more than £12bn in funds under management, has agreed to purchase a 24.9% stake in Premier for an estimated £6m Mackenzie will work with Premier to set up a number of funds within the Premier Sicav in Luxembourg and both companies plan to promote the funds within Europe. The Canadian group, which has more than 60 mutual funds, has not settled on w...