“The Wealthsimple and Rockefeller transactions demonstrated not just the quality, but the magnitude of the value-creation that can be created in that part of the portfolio,” said CEO Jeffrey Orr. Photo by Jesse Johnston/The Canadian Press/Postmedia files

Shares of Power Corp. of Canada surged to a record after the company posted strong earnings and said it’s on the hunt for more acquisitions .

“The cash position of Power Corp. had quite a material jump over the quarter,” chief executive Jeffrey Orr told analysts Thursday. “If there were further opportunities to make acquisitions, that would be capital priority No. 1.” That would include deals to bolster Great-West Lifeco Inc. , the firm’s largest holding.

Power, controlled by Montreal’s billionaire Desmarais family , said ad

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