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Sun Life to buy investment management firm Prime Advisors

(Reuters) – Canadian insurer Sun Life Financial Inc said it would buy investment management company Prime Advisors Inc to expand its asset management portfolio. Toronto-based Sun Life did not disclose the value of the deal. The company bought New York-based Ryan Labs Asset Management in January to win more business from U.S. pension funds and other institutional investors. Sun Life followed that up last month with the C$560 million acquisition