MONTREAL, June 20, 2016 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Firm") announced today that it has reached an agreement to sell its stake in Fiera Quantum Limited Partnership ("FQLP") to Metric Asset Management Limited ("Metric"), a holding company controlled by Jason Marks, the executive chairman of Fiera Quantum Limited Partnership.
The transaction is expected to close on or around July 18, 2016. FQLP is currently jointly owned by Metric and a wholly owned subsidiary of the Firm.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading North American independent asset management firm listed on the Toronto Stock Exchange. The Firm offers a wide range of traditional and alternative investment solutions, including depth and expertise in asset allocation. At March 31, 2016, Fiera Capital had approximately CAD$98 billion in assets under management. The Firm delivers distinctive investment management capabilities to institutional, private wealth and retail clients in Canada. In the U.S., asset management services are provided by its U.S. affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc. which are investment advisers registered with the U.S. Securities and Exchange Commission (the "SEC"). Registration with the SEC does not imply a certain level of skill or training. www.fieracapital.com
Additional information relating to the Firm, including the Firm's annual information form, is on SEDAR at www.sedar.com.
About Fiera Quantum Limited Partnership
FQLP is a Toronto-based asset management firm that strictly adheres to its proprietary strategies, systems and technologies, which are designed to deliver steady growth and manage volatility. While the processes to generate FQLP's consistent performance are complex, the benefits are simple: preservation of capital, low volatility, and absolute, risk-adjusted returns over the long term. FQLP manages portfolios for institutional, high-net-worth and individual investors through investment funds and selected separately managed accounts.
This document may contain certain forward-looking statements. These statements relate to future events or future performance, and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera Capital's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement.
These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital's interim and annual consolidated financial statements, and its Annual Report and Annual Information Form filed on www.sedar.com. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.
SOURCE Fiera Capital Corporation