Fiera Capital AUM Declines as Market Volatility and Strategy Wind-Down Weigh
Event summary
- Fiera Capital's AUM decreased by 2.4% to $160.2 billion as of March 31, 2026, from $164.1 billion as of December 31, 2025.
- Public Markets AUM, excluding sub-advised AUM, fell 2.2%, impacted by market volatility and $1.35 billion in outflows related to the wind-down of the Canadian Equity Small Cap Core strategy.
- Net outflows from sub-advised AUM totaled $500 million, attributed to client rebalancing.
- Private Markets AUM increased 0.9%, driven by positive market and FX impacts and nominal net inflows.
The big picture
Fiera Capital's AUM decline highlights the challenges asset managers face in a volatile market environment. The significant outflows linked to the Canadian Equity Small Cap Core strategy wind-down suggest a potential strategic misstep or a shift in client preferences. The firm's ability to recover AUM and demonstrate resilience will be crucial for maintaining its position in the competitive asset management landscape.
What we're watching
- Strategy Execution
- The success of Fiera Capital's remaining strategies will be critical to offsetting outflows and rebuilding AUM, particularly given the recent closure of the Canadian Equity Small Cap Core strategy.
- Client Retention
- Whether Fiera Capital can retain existing clients and attract new ones will depend on its ability to demonstrate consistent performance and adapt to evolving market conditions.
- Market Impact
- The continued volatility of public markets will likely influence AUM levels, and Fiera Capital's ability to navigate these conditions will be a key factor in its performance.
Related topics