Fiera Capital A (TSE:FSZ) has released an update.
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Fiera Capital Corporation has reported a decrease in its assets under management (AUM) to C$158.9 billion as of June 30, 2024, a 3.8% decline from the previous quarter. The reduction is attributed primarily to net outflows, including a significant asset transfer to PineStone Asset Management. Despite the overall downturn, the company’s private markets AUM saw a growth of 1.5%, bolstered by new investments totaling approximately C$400 million.
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