In 1982, Larry Lunn, John Clark and Gerry Connor founded Connor, Clark & Lunn in Vancouver. At the time there was a perception that most money management wisdom was based in Toronto so Connor, Clark & Lunn made a pitch to pension funds that it would be an alternative choice from the Toronto groupthink. The approach paid off and CC&L won business due to its being perceived as different.[1]
In 1987, Connor, Clark & Lunn made its name by anticipating Black Monday in advance. Over the next five years, its assets climbed from CA$700 million to CA$5 billion.[1]
In October 2001, Connor, Clark & Lunn and Arrowstreet Capital created a joint venture named Connor, Clark & Lunn Arrowstreet Capital. It would invest in global equities for institutional investors.[2]
Towards the end of 2002, Connor, Clark & Lunn was restructured to become Connor, Clark & Lunn Financial Group. It became an umbrella that contained eight investment management affiliates and three distribution businesses.[3][4]
In 2013, CC&L sold its structured products unit to Aston Hill for CA$20.5 million.[5]
