Daily news service
Fast-growing Montreal-based asset management firm Fiera Capital continues to expand. In fact, it is very much on a tear. This year, the company announced dividend increase of 8% to $0.13 per share. This follows a dividend jump of 9% announced in August 2014. For the end of 2014, net income was $23.6 million, $0.40 a share, up sharply from $14.6 million, or $0.26 a share, a year ago. Assets under management rose to $86.6 billion, an increase of 12% from 2013. The firm also won $4.2 billion of new mandates both in the institutional and private wealth segments.
Most recently, Desjardins was honored with the Award for Professional Excellence from the CFA Institute, the most prestigious distinction bestowed by the organization. Past winners include Warren Buffett, John Bogle, Sir John Marks Templeton and Peter Bernstein.
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