Fiera Capital secures two $300m mandates from CDPQ, advancing their 2028 Quebec investments goal
Fiera Capital Corporation has been selected to manage $600m on behalf of the Caisse de dépôt et placement du Québec (CDPQ).
This selection is part of CDPQ’s goal to increase its investments managed by Quebec firms to $8bn by 2028.
Fiera Capital will handle two new mandates of $300m each. These will be directed towards the Active and Strategic Fixed Income – Active Government Universe strategy, led by Senior Portfolio Manager Charles Lefebvre, and the Fiera Atlas Global Companies strategy, managed by Simon Steele, Senior vice president and head of the Fiera Atlas Global Companies Team.
In the coming months, the Active and Strategic Fixed Income team will enhance the Fixed Income mandate with an overlay strategy, transitioning to a Relative Value solution.
This flagship strategy, managed by Lefebvre, is noted for its strong track record, high-quality management, and diverse value sources.
Lefebvre stated, “We are thrilled that CDPQ has chosen to invest in this strategy, further strengthening its partnership with Fiera Capital and representing its trust in our Fixed Income team. Relying on fundamental and technical analysis tools developed in-house, this investment solution has been created to achieve very strong results, regardless of the economic, financial, or political environment, with no construction bias towards any of the characteristics of its benchmark index.”
Steele commented, “Since launching our strategy in 2017, our highly experienced team has sought to deliver superior long-term, risk-adjusted capital growth by leveraging rigorous research into a select portfolio of compelling companies across North America, Europe and Asia.”
“We are delighted to have been selected by CDPQ to create sustainable value on behalf of its clients and look forward to building a long, mutually beneficial relationship.”
Maxime Ménard, president and CEO of Fiera Capital Canada and Global Private Wealth, expressed confidence in the partnership. “CDPQ's renewed confidence in Fiera Capital, a pillar of Quebec finance, underscores our ongoing role as an investment leader.”
“Fiera Capital is uniquely positioned to deliver optimized portfolio solutions, combining innovation and precision in risk and return management at all levels of strategy. It is our commitment to excellence that enables us to respond effectively to the diverse requirements of our clients,” said Ménard.
The Fiera Atlas Global Companies strategy utilizes a fundamental, bottom-up research-driven investment process, focusing on 25 to 35 companies with strong wealth creation credentials and sustainable, diversified cash flows for long-term growth.
