Canada's CI Investments returns C$156 million to investors
TORONTO (Reuters) - Canadian investment fund manager CI Investments Inc has agreed to a settlement calling for it to return C$156.1 million ($112 million) to investors after miscalculating the value of cash collateral in certain of its funds, Ontario's securities regulator said on Thursday. The settlement - which includes an C$8 million payment to the Ontario Securities Commission and C$50,000 to cover the cost of their investigation - is the largest compensation since the regulator introduced no-contest settlements in 2014. As per the terms of such settlements, CI Investments, a unit of CI Financial Corp , neither admitted nor denied the allegations of OSC staff that it had not adequately monitored the valuations of the funds. (Reporting by Alastair Sharp; Editing by Steve Orlofsky)