Canadian investment firm DundeeWealth has bought 60 per cent of Aurion Capital Management, a Toronto-based institutional money manager in equities, real estate and fixed income with more than $4.5 billion in assets under management. Aurion employees will retain 40 per cent of the company. David Goodman, president and chief executive officer of DundeeWealth said: "This is a unique opportunity to partner with Aurion's money management team. It complements the team of portfolio managers at Dynamic Funds and Goodman Private Wealth that has made DundeeWealth such a significant and successful player in Canada's independent investment management industry. Our investment in Aurion represents a long-term strategic investment that broadens our wealth management platform while at the same time supporting our expansion into the institutional market." The transaction is expected to close by mid-June 2008, subject to customary conditions, including regulatory approvals.