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Crown Hill exiting investment fund management business Add to ...

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Crown Hill Capital Corp. is getting out of the business of managing investment funds, asking unitholders of its two main funds to vote on a proposal to transfer management to another company.

The decision comes 16 months after the company and chief executive officer Wayne Pushka faced Ontario Securities Commission allegations of improprieties over a 2009 deal to acquire the management rights for 13 Citadel investment funds that had over $1-billion of assets under management.

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