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Purpose Investments closes Redwood Asset Management deal

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Purpose Investments closes Redwood Asset Management deal

Purpose InvestmentsInc. closed the acquisitionof Toronto-based Redwood Asset Management Inc.

Redwood, now a wholly owned subsidiary of Purpose, will continueto operate as a separate entity under its own brand and its current management teamled by President and CEO Peter Shippen.

Som Seif is the president and CEO of Purpose.