Fiera Capital A ( (TSE:FSZ) ) has provided an update.
Fiera Capital reported its financial results for the fourth quarter and fiscal year 2024, highlighting a significant increase in assets under management (AUM) by $5.4 billion, ending the year at $167.1 billion. Despite a strong year for financial markets and growth in base management fees due to a shift towards higher-fee strategies, the company faced a reduction in performance fees, resulting in lower total revenues and an adjusted EBITDA margin of 28.4% for 2024. The Private Markets platform showed robust returns and contributed to AUM growth, reflecting sustained interest in Fiera Capital’s competitive strategies.
More about Fiera Capital A
Fiera Capital Corporation is a leading independent asset management firm. The company operates in the financial industry, focusing on managing assets across both Public and Private Markets platforms. It offers a diversified set of investment strategies, catering to a wide range of clients.
YTD Price Performance: -17.71%
Average Trading Volume: 214,248
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$797.1M
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