Qatar Investment Authority (QIA) and Fiera Capital Corporation (Fiera Capital) on Wednesday announced the launch of the Fiera Qatar Equity Strategy with $200 million in assets under management.
The strategy aims to deliver superior risk-adjusted returns by investing in equities listed on the Qatar Stock Exchange (QSE). Structured as a daily-dealing mutual strategy, it will be available to international and local institutions desiring actively managed exposure to Qatar’s equity market.
QIA is acting as the anchor investor, contributing capital in the form of cash and stock. The initiative reflects QIA’s commitment to broaden Qatar’s financial landscape by fostering collaborations with premier global and local asset managers.
“It is part of QIA’s mandate to support the development of a competitive Qatari economy. Attracting overseas asset managers to invest in Qatar equity will fuel market participation and help to diversify and broaden the market. The Fiera Capital Strategy launch is an exciting second partnership in our Active Asset Management Initiative and builds on QIA’s commitment to support Qatar’s financial markets,” said Mohammed Saif Al-Sowaidi, CEO of QIA.
“To be selected by QIA to manage its capital reflects confidence in our equity investment capabilities and track record. Now, we must put this capital to work, managing it prudently and in alignment with QIA’s long-term objectives,” said Klaus Schuster, Executive Director and CEO, Fiera Capital EMEA.
QIA, the sovereign wealth fund of the State of Qatar, was set up in 2005 to invest and manage the country’s reserve funds. It ranks among the largest and most active sovereign wealth funds in the world.
Fiera Capital is an independent asset management firm with an expanding global footprint. The firm provides multi-asset solutions across both public and private market asset classes to institutional clients, financial intermediaries, and private wealth clients throughout North America, Europe, and key regions in Asia and the Middle East.
