{"id":417181,"date":"2021-03-02T12:04:00","date_gmt":"2021-03-02T17:04:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=417181"},"modified":"2021-03-05T08:38:36","modified_gmt":"2021-03-05T13:38:36","slug":"fiera-sells-rights-to-manage-us1-9b-emerging-markets-fund","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/fiera-sells-rights-to-manage-us1-9b-emerging-markets-fund\/","title":{"rendered":"Fiera sells rights to manage US$1.9B emerging markets fund"},"content":{"rendered":"<p>The U.S. division of Fiera Capital Corporation is selling the rights to manage the Fiera Capital Emerging Markets Fund, a US$1.9-billion fund it purchased management rights to in 2017, to Sunbridge Capital Partners.<\/p>\n<p>The move comes as part of the Montreal-based asset manager&#8217;s strategic review of its U.S. operations, a release from Fiera said.<\/p>\n<p><a href=\"https:\/\/www.investmentexecutive.com\/news\/products\/fiera-acquires-management-of-u-s-mutual-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fiera acquired management rights to the fund from City National Rochdale in 2017<\/a> for roughly US$12 million plus additional considerations.<\/p>\n<p>Sunbridge is an investment management firm based in Miami, Fla. The firms did not share details regarding the value of their agreement in principle.<\/p>\n<p><em>Correction: An earlier version of this article incorrectly stated Sunbridge&#8217;s location. The firm is based in Miami.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The move comes as part of a strategic review of Fiera&#8217;s U.S. operations<\/p>\n","protected":false},"author":148356,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2318,2315,2312],"tags":[2368,2507],"yst_prominent_words":[4028,78214,78029,78028,13371,13368,7116,5151,5061,1693,2144,1695],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/417181"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/148356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=417181"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/417181\/revisions"}],"predecessor-version":[{"id":417402,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/417181\/revisions\/417402"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=417181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=417181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=417181"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=417181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}