Oxford Economics, a leading independent global forecasting and economics consultancy, has acquired a majority stake in Alpine Macro, a prominent global investment research firm based in Montreal, Quebec.

Oxford Economics was founded in 1981 as a commercial initiative with Oxford University’s business college.

Alpine Macro provides financial market forecasts and investment strategy to institutional clients across more than 60 countries.

Blake, Cassels & Graydon provided legal counsel to Oxford Economics. Raymond James served as exclusive financial advisor and Fasken Martineau DuMoulin provided legal counsel to Alpine Macro. Financial terms of the transaction were not disclosed.