Fiera Capital Acquires Team, Strategies of Larch Lane Advisors

Jul 27 2016 | 11:38pm ET

Canadian asset manager Fiera Capital Corporation has announced the acquisition of the team and current strategies of alternative asset manager Larch Lane Advisors.

The Larch Lane team is expected to join Fiera Capital’s U.S. affiliate on September 1, 2016, according to the company. The team will complement Fiera Capital's existing capabilities in alternative investing and add high-caliber expertise to its U.S. division in alternative investment management, risk management, fund accounting and firm operations. 

In addition, the U.S. affiliate, Fiera Capital Inc., will become the adviser for Larch Lane's existing investment strategies.

Addition of the team and strategies will enable Fiera Capital Inc. to offer clients a range of alternative investment solutions previously provided by Larch Lane and its joint venture partners, including a liquid alternatives mutual fund, traditional funds of hedge funds and hedge fund seeding strategies. 

In total, Larch Lane's strategies are expected to add approximately $500 million in assets to Fiera Capital Inc.’s $17.7 billion in AUM as of June 30, 2016.

"Bringing the Larch Lane team on board is an ideal way to develop our alternative investment capabilities in the U.S. and add a distinguished team of professionals to our U.S. division," said Jean-Guy Desjardins, chairman and CEO of Fiera Capital, in a statement. "The addition of Larch Lane's investment offerings and talented team will provide a strong foundation for Fiera Capital's non-traditional investment strategies in the U.S. going forward."

Based in Toronto, Fiera Capital Corporation is a major North American independent asset management firm listed on the Toronto Stock Exchange. It managed more than C$109 billion in assets under management across a wide range of traditional and alternative investment strategies as of June 30.

Founded in 1999 by former Paloma Partners executive Mark Jurish and based in Rye Brook, NY, Larch Lane Advisors creates customized and commingled alternatives portfolios. The firm has a 23 year audited track record for its flagship fund of hedge funds. 

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