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Fiera’s Charlemagne acquisition yields two funds

Fiera Capital Corporation, a Canada-based asset manager that is expanding in Europe, has launched two equity funds, one targeting US equities and the other focused on global equities.

The launches follow the Toronto-listed firm’s acquisition of Charlemagne Capital, a London-based emerging markets specialist, in December 2016 and which was rebranded with the Fiera moniker in December 2017.

The Fiera Capital Global Equity Fund and Fiera Capital US Equity Fund are Ucits extensions of existing strategies that Fiera has managed since 2009 and that have assets under management of US$20 billion (€16.4 billion).

Fiera will mount the funds on its Magna Umbrella Funds plc, an Irish-domiciled Ucits platform, and said further strategies would introduce more of its North American strategies to the European market.

Jayne Sutcliffe (pictured left), the president and chief executive officer of Fiera Capital’s European division, said: ““The name change is the final piece of the puzzle in the integration with the global Fiera Capital team.

“We are also delighted to see that our new ownership structure has allowed Charlemagne to move our distribution beyond our traditional emerging and frontier market focus, with the launch of two new funds, as well as enabling us to benefit from the enhanced operational, financial and distribution capabilities of the wider group.”

Since acquisition, assets under management for Charlemagne Capital have increased by 34% to $3 billion and Fiera Capital Corporation assets now stand at $100 billion, the firm said.

*Pictured with Jayne Sutcliffe is Vincent Duhamel, Fiera Capital’s global president and chief operating officer.

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