Nymbus Capital merges with Landry Investment Management

Nymbus Capital completed a merger with Landry Investment Management, joining two distinct emerging Montreal-based investment firms. The management team will be led by Marc Rivet and Gabriel Cefaloni acting as co-CEOs. Mr. Cefaloni will also assume the role of Chief Investment Officer. Mr. Jean-Luc Landry and Mr. Jean Turmel will be part of the shareholders and will sit on the Board of Directors of the merged company. The new merged company will have 14 employees, all located at 1430-1800 McGill College in downtown Montreal.

Combining their quantitative and technological DNA, the companies will aggregate over $400 million in assets under management. The merger creates a truly global multi-strategy offering with global equity, global fixed income, alternative investments and real estate investment trusts (“REITs”) strategies. The merger also doubles the size of the investment team and strengthens it with complementary expertise.

Finally, the use of modern technologies developed by Nymbus will significantly deepen and extend internal analyses. This will allow the firm to broaden and improve its client offering, while enabling it to progress towards its financial goals.