Strength Through Diversification
2016 Annual Report
Strength Through Diversification
2016 Annual Report
- Montreal
- Toronto
- New York
- London
- Los Angeles
Adding Value for Investors and Shareholders Alike
For clients seeking diversification opportunities to help them achieve superior returns, Fiera Capital boasts a unique array of best-in-class traditional and alternative strategies, including an expanded suite of private alternative investment solutions.
The sheer depth of our offering – more strategies, more platforms, enhanced distribution channels, and a growing global footprint that now extends to markets in North America, Europe and beyond – provides clients with myriad opportunities to expand their investment horizons.
Looking to the future, our shareholders also stand to benefit from continued growth and diversification as we strive to add value and deliver outstanding results.
2016 Financial Highlights
Reaching $116.9 billion
| As at December 31, 2016 | As at December 31, 2015 | |
|---|---|---|
| ASSETS UNDER MANAGEMENT |
$116.9B | $101.4B |
| For the 12 months ended December 31, 2016 |
For the 12 months ended December 31, 2015 |
|
| Revenues | $344.1M | $258.4M |
| Adjusted EBITDA1 | $107.2M | $84.8M |
| Net Earnings2 | $20.8M | $27.6M |
| Adjusted Net Earnings | $95.2M | $70.9M |
ADJUSTED NET EARNINGS PER SHARE (BASIC)
| CAGR 17.2% | Q5-2012* | Q2-2013 | Q4-2013 | Q2-2014 | Q4-2014 | Q2-2015 | Q4-2015 | Q2-2016 | Q4-2016 |
|---|---|---|---|---|---|---|---|---|---|
| Quarterly Dividend Declared per Participating Share |
$0.09
|
$0.10
|
$0.11
|
$0.12
|
$0.13
|
$0.14
|
$0.15
|
$0.16
|
$0.17
|
AUM per Asset Class
(as at December 31, 2016)
Asset Class
- FIXED INCOME
- CANADIAN AND GLOBAL EQUITY
- ALTERNATIVE STRATEGIES
AND ASSET ALLOCATION
AUM per Client Type
(as at December 31, 2016)
Client Type
- INSTITUTIONAL
- RETAIL
- PRIVATE WEALTH
AUM per Geography
(as at December 31, 2016)
Geography
- CANADA
- UNITED STATES
- EUROPE AND OTHER
EARNINGS PER SHARE
TOTAL REVENUES
WON IN 2016
ACQUISITIONS
IN ADJUSTED EBITDA
Increasing Our Global Footprint
Headquartered in Montreal, Fiera Capital has offices in Toronto, Calgary, Vancouver and Halifax, as well as New York, Boston, Los Angeles, San Francisco and Dayton in the United States, London in the United Kingdom and Isle of Man as well as Frankfurt in Germany.
The firm has more than 600 employees, including some 160 investment professionals.
Message from the chairman of the board and chief executive officer
Maintaining Our Focus on Performance
Jean-Guy Desjardins
Chairman of the Board and
Chief Executive Officer
The year 2016 was transformative for Fiera Capital. We further strengthened and diversified our firm, leveraging our leadership position in Canada while increasing critical mass in the key U.S. marketplace and gaining a strong foothold in Europe.
What is truly remarkable is that we were able to accomplish all that and more from a strategic perspective, while delivering another robust financial performance and launching a number of innovative strategies that affirmed Fiera Capital’s leadership in the flourishing alternative investments space. As well, we clearly demonstrated our ability to raise capital by capturing significant inflows from new clients in North America.
Year in Review
-
Innovative Investment Solutions
Fiera Capital has continually added to its line-up of innovative products and strategies designed to provide investors with complete investment solutions and superior risk-adjusted returns. Our objective is to provide investors with made-to-measure solutions encompassing the full spectrum of traditional and alternative asset classes that will help them achieve optimal performance at an appropriate level of risk.
ASSET ALLOCATION
- BALANCED MANDATES
- OVERLAY STRATEGIES
- ADVISORY
FIXED INCOME STRATEGIES Money Market High Yield Short-Term Bonds Global Fixed Income Corporate Bonds Term Loans Long-Term Bonds Infrastructure Debt Aggregate Universe Bonds Tax-Efficient Bonds Preferred Shares EQUITY STRATEGIES Canadian Equity U.S. Equity Small and Mid High Income Equity Emerging Markets Low Volatility Frontier Markets Small Capitalization Micro Cap Global Equity International Equity U.S. Equity ALTERNATIVE STRATEGIES Real Estate Long/Short Equity Infrastructure Income Opportunities Agriculture Fund of Hedge Funds Private Lending Emerging Market
Neutral EquityCommercial Real Estate
DebtShort-Term Arbitrage Residential Loans Global Macro Multi Strategy Income Private Equity Market Neutral Equity MULTI-ASSET-CLASS SOLUTIONS
- LIABILITY-DRIVEN
INVESTMENTS - SYSTEMATIC
SOLUTIONS - CURRENCY
HEDGING
-
Leveraging Our Leadership
Fiera Capital’s continued rapid growth and expanding global footprint prompted the firm to adopt a decentralized corporate structure that was introduced in late 2015 and fully implemented over the course of 2016. The aim was to create a scalable organizational model that remains intensely client-focused while ensuring that decision-making remains relevant and close to the respective markets served.
Today, Fiera Capital is led by a global leadership team that oversees three distinct divisions in North America as well as a newly established European platform, each focused on serving its geographical market and distinct client base.
-
Leading in Private Alternative
Investment StrategiesToday, the firm offers a broad spectrum of best-in-class private alternative strategies that provide exceptional opportunities for increased diversity and state-of-the art asset allocation. Private alternative solutions focused on real estate, infrastructure, private lending and, beginning in 2017, agriculture and private equity – sectors which customarily have been difficult for many investors to access – enable clients to address their capital-appreciation and income objectives while enjoying a measure of protection against inflation.
