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MONTREAL, Nov. 3, 2021 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a leading independent asset management firm, today reported its preliminary estimate of assets under management ("AUM") of approximately C$180.8 billion as at September 30, 2021, compared to C$179.5 billion as at June 30, 2021.
Compared to June 30, 2021, the C$1.3 billion increase stemmed mainly from market appreciation and foreign exchange movements, which had a favourable impact of C$1.9 billion and C$1.3 billion on AUM, respectively. These increases were partly offset by net outflows of C$1.1 billion as well as withdrawals of C$0.8 billion in connection with the termination of the revenue-sharing arrangement with City National Rochdale ("CNR") with regards to the Fiera Capital Emerging Markets Fund, which closed during the third quarter.
AUM as at September 30, 2021 included C$1.8 billion of committed and undeployed capital in Fiera Private Alternative Investments, the Company's platform for private market investment solutions, bringing total private markets AUM to C$15.0 billion. Private markets AUM as at June 30, 2021 and September 30, 2020 was C$14.0 billion and $13.2 billion, respectively, and included committed, undeployed capital of C$1.5 billion in both periods.