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Business deal
Business deal
(Eszter Szepessy/Getty Images/iStockphoto)

Fiera’s leaders say pace of deals will slow

The hectic pace of acquisitions at Fiera Capital is going to slow, with growth over the next five years likely to come more from internal sources than the steady flow of purchases that have marked the past few years.

Fiera is celebrating its 10th year in business, a short span full of deals that have made Fiera the seventh-largest asset manager in Canada. The company runs funds for individuals and institutions such as pensions, as well as offering services for high net-worth individuals. Investors who have simply bought Fiera shares have also done very well, as the stock has been a strong performer relative to industry rivals.