Bull Wealth Management is broadening its reach in Canada’s hedge fund sector with an acquisition, the terms of which were not disclosed.

Bull Wealth Management is broadening its reach in Canada’s hedge fund sector with an acquisition - the terms of which were not disclosed.

The firm has acquired Vancouver-based KCS Fund Strategies’ proprietary research database, 12 proprietary hedge fund indices, research reports and algorithms, and a platform to build “institutional quality” alternative portfolios. 

KCS' founder and principal Peter Klein is also joining Bull Wealth as a managing partner and chief investment officer. Julian Smith - who has worked at firms including Merrill Lynch, Charles Schwab and Raymond James - has also joined as managing partner, chief compliance officer and director.

Bull Wealth - led by president and chief executive Martin Sims - was established in 2000 by former Ernst & Young partner James Bull.

Bull sold the business in 2007 to EFG Bank of Switzerland and then led a management buy-back of the company in 2013 with Sims and Cathmark Investments, through that firm's holding company MRKED Capital.

Bull is currently vice chair and managing partner at the firm.