Connor, Clark & Lunn

Connor, Clark & Lunn Financial Group Ltd.
Company typePrivate
IndustryInvestment Management
Founded1982; 42 years ago (1982)
Founders
  • Larry Lunn
  • John Clark
  • Gerry Connor
Headquarters
Exchange Tower, Toronto, Ontario
,
Canada
Key people
  • Michael Freund (Chairman)
  • Warren Stoddart (President and CEO)
AUMCA$132 billion (2024)
Websitecclfg.cclgroup.com

Connor, Clark & Lunn Financial Group (CC&L) is a Canadian multi asset investment management firm headquartered in Toronto, Ontario. It is one of Canada's largest privately owned investment management firms. Outside Canada, it has offices in the United States, the United Kingdom and India.

History

In 1982, Larry Lunn, John Clark and Gerry Connor founded Connor, Clark & Lunn in Vancouver. At the time there was a perception that most money management wisdom was based in Toronto so Connor, Clark & Lunn made a pitch to pension funds that it would be an alternative choice from the Toronto groupthink. The approach paid off and CC&L won business due to its being perceived as different.[1]

In 1987, Connor, Clark & Lunn made its name by anticipating Black Monday in advance. Over the next five years, its assets climbed from CA$700 million to CA$5 billion.[1]

In October 2001, Connor, Clark & Lunn and Arrowstreet Capital created a joint venture named Connor, Clark & Lunn Arrowstreet Capital. It would invest in global equities for institutional investors.[2]

Towards the end of 2002, Connor, Clark & Lunn was restructured to become Connor, Clark & Lunn Financial Group. It became an umbrella that contained eight investment management affiliates and three distribution businesses.[3][4]

In 2013, CC&L sold its structured products unit to Aston Hill for CA$20.5 million.[5]

References

  1. ^ a b Rockel, Nick (4 February 2013). "Vancouver's Biggest Money Managers". BC Business. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
  2. ^ "CC&L teams up with Arrowstreet Capital". Investment Executive. 10 October 2001. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
  3. ^ "Multi-boutique firms encourage shared ownership". Advisor.ca. 1 October 2009. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
  4. ^ O’Hara, Clare (28 July 2008). "CC&L Financial Group breaks its own trail". Investment Executive. Retrieved 9 November 2024.
  5. ^ Critchley, Barry (15 July 2013). "Aston Hill Financial to buy a unit of CC&L for $20.5-million". Financial Post.