NEW YORK, Sept 30 Canadian asset manager Fiera
Capital announced it has bought London-based
Charlemagne Capital for 40.7 million pounds ($52.8
million) and said it is in talks with several other targets.
The Montreal-based firm wants to have C$200 billion assets
under management by 2020, up from C$109 billion at the end of
June, and is aggressively pursuing acquisitions to achieve that.
"We are seeing a number of potential opportunities in the
market at this time that could add to our capabilities. We are
talking to six or seven different parties," Chief Operating
Officer Sylvain Brosseau said in an interview on Friday.
Fiera said that the Charlemagne acquisition would provide it
with an entry into the emerging markets asset class and give it
a European platform to enhance its growth.
Charlemagne Capital was established in 2000 and has assets
under management of over $2 billion.
($1 = 0.7708 pounds)
(Reporting by Matt Scuffham; Editing by Cynthia Osterman)