History

CC&L was founded by Larry Lunn in 1982, and over the succeeding period grew into one of the largest and most successful investment managers in Canada. Over the course of the last few years, in order to better serve a broader range of client needs and in response to a changing environment, CC&L evolved into, and became a part of, the Connor, Clark & Lunn Financial Group (CC&L Financial Group), an affiliation of eight independent investment management firms with aggregate assets under management of .


Chapel of Ease, Robert Bourdeau

The following list charts the milestones in the history of the firm.

1982

Larry Lunn, with five other partners, sets up operations in Vancouver and Toronto, specializing in balanced fund management.

1985

Client base expands to in excess of $500 million in assets under management with the introduction of specialty Canadian equity management.

1986

20/20 Group Financial was launched under the stewardship of John Wood providing a broad array of mutual funds to the investing public.

1987

CC&L reputation solidified as firm goes on record that equity markets are dangerously over-valued prior to market crash.

1989

Firm acquires talent and assets with the purchase of Dixon Krogseth Ltd., an independent money manager, lifting assets under management to in excess of $1 billion.

1990

Formed a joint venture with New Star Institutional Managers, a UK-based asset manager, to offer fundamental global equity management.

1992

CC&L assets under management reach $5 billion.

1995

20/20 Group Financial sold to AGF Management Limited. CC&L continues to manage assets as a sub-advisor to AGF.

1996

CC&L assets under management surpass $10 billion.

1997

Connor, Clark & Lunn Private Capital is created, focusing on meeting the investment needs of high net worth individuals.

1998

Banyan Investment Management Ltd. is incorporated and serves as our holding company for affiliated businesses and is the genesis of the Connor, Clark & Lunn Financial Group.

2000

Asset under management reach $15 billion.

2001

Alliance formed with Boston-based Arrowstreet Capital, L.P. to provide quantitative EAFE strategies to CC&L client base.

2002

CC&L restructures and forms the Connor, Clark & Lunn Financial Group with ultimately eight independent, affiliated investment management firms and three distribution businesses under its umbrella.

2006

Connor, Clark & Lunn reaches $21 billion in assets under management and the Financial Group $34 billion with 164 employees.

2007

CC&L celebrates its 25th anniversary.

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