TORONTO, April 16, 2018 (GLOBE NEWSWIRE) -- LOGiQ Asset Management Inc. (“LOGiQ”, or the “Company”) (TSX:LGQ) today announced that its wholly-owned subsidiary, LOGiQ Asset Management Ltd., has entered into an agreement with Purpose Investments Inc. (“Purpose”) to sell to Purpose certain institutional and private client contracts (the “Transaction”), consisting of approximately $300 million in assets under management overseen by a team (the “Institutional Partners Team”) led by Barry Morrison and which includes Michael McNabb and Yvette Antoniak.

The Transaction is expected to close on April 19, 2018 and, as part of the Transaction, it is expected that the Institutional Partners Team will be transferring to Purpose to continue their roles in servicing these institutional and private clients.  The Transaction represents another milestone in the repositioning of LOGiQ’s business, and LOGiQ management believes that these clients will be best served as part of the broader Purpose platform.

About LOGiQ:

LOGiQ (www.logiqasset.com) provides investment management services to institutional investors through segregated managed accounts and pooled funds, and has an institutional global advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. LOGiQ had assets under management or advisement and institutional advisory sales-related fee earning arrangements that are not managed or advised, totaling over $3.4 billion as at December 31, 2017.

For further information concerning this press release, please contact:

Mary Anne Palangio
Chief Financial Officer
LOGiQ Asset Management Inc.
(416) 583-2300

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