Fiera Capital Acquires New Global Equity Capability, Welcomes New Team
Fiera Capital Corporation, a leading independent asset management firm, has announced the acquisition of a new Global Equities capability from AMP Capital.
The experienced team is comprised of four investment professionals: Simon Steele, Lead Portfolio Manager, and Neil Mitchell who will be based in Fiera Capital's London office, with David Naughtin and Andy Gardner based out of Hong Kong and Sydney, Australia, respectively, Fiera Capital said in a press release.
The managers have a solid track record of performance, acquired over the past four years at AMP Capital managing the UCITS platform series as well as the AMP Capital Global Companies Fund in Australia and New Zealand, and bring over USD500 million in assets under management to Fiera Capital, reports the firm.
The proposed transfer of the UCITS platform series is subject to regulatory and other approvals. Until the foregoing transfer and arrangements are completed, the Global Companies Fund series will continue to be managed together with AMP Capital by the same investment team. AMP Capital and Fiera Capital are committed to ensuring that existing client terms and conditions will not be impacted, and clients experience a seamless experience throughout the transition.
Jean–Philippe Lemay, Global President and Chief Operating Officer, Fiera Capital, said: “I am thrilled to welcome such experienced investment managers and their clients to Fiera Capital. The team is a perfect fit with the Company, sharing in our client-focused culture and dedication to investment excellence. What's more, the acquisition of a Global Equity capability based outside of North America builds on our global ambitions of building robust investment platforms in markets where we see opportunities for growth.”
Anik Lanthier, President and Chief Investment Officer, Public Markets, Fiera Capital, said: “This seasoned team and their investment strategy are highly complementary to our existing offering. In the UK and Europe, it will sit alongside our successful Emerging Markets Equities, Real Estate and Mid-Market Infrastructure teams, while in Asia it will broaden our capability alongside our Asia Credit business. This addition is directly aligned with our objective of ensuring the continuing competitiveness and range of our investment platform in order to best serve the investment needs of our clients.”
Simon Steele, Lead Portfolio Manager, Global Equity Team, Fiera Capital, said: “We are excited to join Fiera Capital and share in the Company's impeccable reputation and commitment to a culture of investment excellence. The team has delivered exceptional returns since inception and is just weeks away from completing its fourth-year track record. We look forward to welcoming our clients and working alongside our new colleagues while contributing to the vision of making Fiera Capital a top tier global asset manager, recognised for its best-in-class solutions offering and trusted investment partnerships.”
The team's investment approach is fundamentally driven, aligned with a long-term perspective, and anchored around a three-pillared wealth creation framework founded on companies' competitive advantage, strong capital allocation, and predictable growth, says Fiera Capital. This approach yields a focused portfolio of 25 to 35 best-in-class global companies, which is expected to deliver superior risk-adjusted returns over a full market cycle. Their investment process generates highly concentrated, quality style, low turnover portfolios, and derives its primary source of added return from security selection.
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