People Moves
Canada's Fiera Capital Acquires $500 Million Equities Team
The team members, who are based in London, Hong Kong and Sydney, Australia, had worked for four years at AMP Capital.
Fiera
Capital Corporation, a Montreal, Canada-based asset
management firm, has added more than $500 million to its global
equities team from Australia-listed AMP Capital.
The experienced team comprises 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 in Hong Kong and Sydney, Australia,
respectively.
Over the past four years, the team has worked at AMP Capital,
managing the UCITS platform series as well as the AMP Capital
Global Companies Fund in Australia and New Zealand. It brings
over $500 million in assets under management to Fiera
Capital.
The proposed transfer of the UCITS platform series is subject to
regulatory and other approvals, Fiera said in a statement.
Until the foregoing transfer and arrangements are completed, the
Global Companies Fund series will continue to be managed by the
same investment team alongside AMP Capital.
"This seasoned team and their investment strategy are highly
complementary to our existing offering," Anik Lanthier, president
and chief investment officer, public markets, said. "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."
The team's investment approach is anchored around a
three-pillared wealth creation framework founded on companies'
competitive advantage, strong capital allocation, and predictable
growth. This approach, which aims to yield a focused portfolio of
25 to 35 best-in-class global companies, is expected to deliver
superior risk-adjusted returns over a full market cycle.