iAtoday

Fiera Capital has entered into a delegated management agreement with StonePine Asset Management Inc., an asset management company recently founded by Nadim Risk, Global Equities Team Lead at Fiera Capital, and his team.

The agreement is the result of strategic planning at Fiera Capital aimed at creating a structure that will allow clients of Fiera Capital to continue to benefit from the investment management services provided by Nadim Rizk’s team as well as Fiera Capital’s first-rate institutional operating model. In any event, Nadim Rizk and his team will form a separate investment company, thus creating a risk to long-term asset retention at Fiera Capital, despite the protection clauses aimed at maintaining a certain level of assets under management as part of the agreement. While this is big news for Fiera capital and Nadim Rizk’s team, it will have no impact on our clients. We will; however, continue to monitor the evolution of this partnership.

For complete information and the affected funds, please consult the Investment Update of October 29, 2021 – Fiera.