Fiera Capital's AUM Drops $12.1B in Q3 2026 Amid Market Pressures…

Event summary

Fiera Capital's preliminary AUM fell to $151.4B as of September 30, 2026, down $12.1B from June 30, 2026.
Rising interest rates caused $3.8B in negative market impact, primarily affecting low-fee AUM.
Net outflows totaled $8.3B, including $5.2B from sub-advised AUM.
Public markets AUM declined 8.4% QoQ, while private markets saw a 1.8% decrease.
Q3 2026 financial results to be released on November 11, 2026.

The big picture

Fiera Capital's Q3 2026 AUM decline reflects broader challenges in the asset management industry, particularly the sensitivity of public markets to rising interest rates. The firm's ability to manage outflows and reposition its portfolio will be critical as it navigates a volatile macroeconomic environment. With $151.4B in AUM, the company remains a significant player, but its strategic responses to these pressures will shape its competitive positioning.

What we're watching

Market Sensitivity: How sustained high interest rates will continue to impact low-fee AUM segments.
Client Retention: Whether Fiera Capital can stabilize or reverse the $8.3B in net outflows.
Strategic Adjustments: The pace at which Fiera Capital adapts its public and private markets strategies to mitigate further declines.