CI Global to Acquire Asset Manager Forge First

CI Global Asset Management has agreed to acquire Forge First Asset Management, an alternative-asset manager with about $1 billion in assets. Forge First, which uses a long-short investment approach focusing on North American securities, including commercial real estate, will continue under its current name. The acquisition is anticipated to accelerate Forge First's growth thanks to CI Global's extensive distribution and marketing capabilities. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approval.