Home Breadcrumb caret Industry News Breadcrumb caret Industry Fiera Capital’s assets under management drop nearly 7% in Q1 Year over year, AUM was up more than 9% By Staff | April 23, 2020 | Last updated on April 23, 2020 1 min read © Albert Yuralaits / 123RF Stock Photo Assets under management (AUM) decreased for Fiera Capital Corporation in the first quarter, according to a preliminary estimate in a press release from the firm on Thursday. The Montreal-based company reported AUM of approximately $158.1 billion as of Mar. 31, 2020, a decrease of $11.6 billion from the previous quarter, or nearly 7%. “In the context of a first quarter characterized by extreme market volatility, our assets under management decreased by 6.8% — a testament to the diversity and resiliency of our investment platform and to the benefits of our active portfolio management approach,” said Jean-Philippe Lemay, Fiera’s global president and chief operating officer, in the release. Fiera’s AUM saw a year-over-year increase of 9.1%, up from $144.9 billion in the first quarter of 2019. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo