Press release from CNW Group
Fiera Capital announces closing of transaction to acquire selected alternative asset management funds of GMP Investment Management
Wednesday, May 01, 2013
Fiera Capital announces closing of transaction to acquire selected alternative asset management funds of GMP Investment Management08:00 EDT Wednesday, May 01, 2013
MONTREAL, May 1, 2013 /CNW Telbec/ - Fiera Capital Corporation ("Fiera" or the "Firm") (TSX: FSZ) announced today that it has closed the transaction, which was previously announced on January 18, 2013, with GMP Capital Inc., one of Canada's leading independent investment dealers, to notably acquire advisory contracts and assets pertaining to the GMP Diversified Alpha Fund (which has been renamed "Fiera Quantum Diversified Alpha Fund") and the Canadian ABCP Fund (together, the "Funds") (the "Transaction").
These Funds are now managed by Fiera Quantum Limited Partnership ("Fiera Quantum"), a recently established subsidiary of Fiera. As part of the Transaction, key members of GMP Investment Management L.P.'s team responsible for the management of the Funds, including Jason Marks, Chief Executive Officer, Chief Investment Officer and Managing Partner, have joined the management team of Fiera Quantum.
For further information on Fiera Quantum, please visit our new Website at www.FieraQuantum.com.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading publicly traded, independent investment firm. The Firm is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in Canadian and foreign equity and fixed income management as well as depth and expertise in asset allocation and non-traditional investments. www.fieracapital.com
Additional information relating to the Firm, including the Firm's annual information form, is on SEDAR at www.sedar.com.
This document may contain certain forward-looking statements. These statements relate to future events or future performance, and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera Capital's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement.
These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital's interim and annual consolidated financial statements, and its Annual Report and Annual Information Form filed on www.sedar.com. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances.
SOURCE: FIERA CAPITAL CORPORATION
For further information:
Mélanie Tardif, CPA, CMA
Director, Corporate Communications and Investor Relations
Fiera Capital Corporation