Smazz Posted August 12, 2009 Share Posted August 12, 2009 Lee-Chin sells AIC to Manulife http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/lee-chin-sells-aic-to-manulife/article1249425/ Im really curious to see what he got for it today - too bad for him he didnt sell it when it was a hot commodity. Link to comment Share on other sites More sharing options...
Parsad Posted August 12, 2009 Share Posted August 12, 2009 They've done a God-awful job hiring and firing investment managers. Jonathan Wellum was also the wrong person to be running the investment side. Michael Lee-Chin lost interest some time ago in his company, and was more focused on his investments in Jamaica and philanthrophy. I'd like to know what Manulife paid, because they may have gotten ripped off based on where AIC is today! ;D Cheers! Link to comment Share on other sites More sharing options...
Smazz Posted August 12, 2009 Author Share Posted August 12, 2009 Seeing what their Assets are, and from previous sales Im going to speculate in the $200 - $300M. Who knows could be just a fraction of that too - we are in unusual times. Link to comment Share on other sites More sharing options...
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