Fiera Capital increases profit and assets

Fiera Capital’s assets under management grew 7.9% in its third quarter to $ 177.7 billion at the end of September compared to the same quarter last year.

The Montreal portfolio manager’s revenues reached $ 170.7 million, up $ 10.7 million, or 6.7%, from revenues of $ 160.0 million in the third quarter of 2019.

Over the same period, profits reached $ 5 million, compared to a net loss of $ 4.6 million in 2019.

“We continued to operate in line with our strategic priorities during the third quarter, with the objective of elevating Fiera Capital among the world’s leading asset managers,” said Jean-Guy Desjardins, President of the board and chief executive officer.

“For this reason, staying the course on investment excellence and acting as a trusted investment manager by putting forward personalized solutions to achieve specific results is essential, especially in these uncertain times. . This commitment goes hand in hand with delivering profitable growth to our shareholders, ”he added.

www.journaldequebec.com

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