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CDPQ assigns $600 million to Fiera Capital as part of its ambition to allocate $8 billion to Québec fund managers
CDPQ assigns $600 million to Fiera Capital as part of its ambition to allocate $8 billion to Qu&#...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\n CDPQ assigns $600 million to Fiera Capital as part of its ambition to allocate $8 billion to Québec fund managers\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Investment is aligned with commitment to support Québec's financial expertise and the growth of its asset managers\n \n\n CDPQ intends to double the amount invested with Québec fund managers by 2028\n \n\n\n\n MONTRÉAL\n \n ,\n \n\n July 31, 2024\n \n\n /CNW/ - CDPQ, a global investment group, today announced that it has invested $600 million with Fiera Capital, a leading Québec asset management firm, as part of its ambition to increase the funds entrusted to Québec asset managers to\n \n $8 billion\n \n by 2028.\n \n\n This investment is part of\n \n CDPQ's commitment\n \n to support Québec's financial expertise and to stimulate growth in the local asset management industry. Within four years, CDPQ intends on more than doubling the amounts it entrusts to Québec fund managers. This commitment is complementary to CDPQ's global objective of reaching\n \n $100 billion\n \n in investments in Québec by 2026.\n \n\n The\n \n $600 million\n \n invested with Fiera Capital will also support the firm's international expansion and will be allocated to its Active and Strategic Fixed Income and Fiera Atlas Global Companies strategies. In addition, CDPQ has recently made\n \n investments\n \n in the Québec Emerging Manager Program (QEMP), and the Investi and Inovia Capital funds. It also entrusted sums to Québec portfolio firms including Bastion Asset Management, Montrusco Bolton Investments and Van Berkom Global Asset Management.\n \n\n \"Contributing to Québec's economic development is at the heart of CDPQ's mission. By entrusting $600 million to Fiera Capital, a well-established and successful manager, we are benefiting from local financial expertise and supporting the growth of Québec's asset management industry, while also contributing to the diversifica...