Acquisition at Fiera
Fiera Capital announced that it will be taking an 80% interest in Palmer Capital Partners Limited, a UK-focused real estate investment manager based in the United Kingdom. Palmer Capital, founded in 1992, has over $1.3 billion (Cdn) in assets under management with an additional $350 million (Cdn) managed through the joint ventures of eight regional property companies in which it is a minority shareholder. It will remain independently managed but will become the UK arm of Fiera Properties.
Departure at Franklin Bisset
Franklin Bissett announced that Richard Fortin, co-lead portfolio manager of Franklin Bissett’s Small Cap Fund, has left the organisation. He will be replaced by Garey Aitken, CIO of Franklin Bissett Investment Management who previously managed Franklin Bissett’s Small Cap strategy from 2000 to 2004.
Nominations at Fiera Properties
Fiera Properties announced the following changes within the Asset management team: Peter McFarlane was promoted from VP to SVP and Oraska Tam was promoted from Analyst to Asset Manager. Within the Investments team, Paul Macchione was promoted from Manager to VP and Xinxin Li, formerly an analyst, has also taken on a more important role as Investments Manager.