Qatar Investment Authority (QIA) and Fiera Capital (Fiera), a leading independent asset management firm, have launched the Fiera Qatar Equity Fund (the Fund).
With $200 million Fiera Qatar Equity Fund in assets under management, the Fund aims to deliver superior risk-adjusted returns by investing in equities listed on the Qatar Stock Exchange (QSE). The Fund, structured as a daily-dealing mutual fund, will be available to international and local institutions desiring actively managed exposure to Qatar’s equity market.
QIA is acting as the Fund’s anchor investor, contributing capital in the form of cash and stock. QIA remains a committed long-term investor in the Qatar equity market and the reallocation of QSE-listed company shares reflects a desire to enhance Qatar’s economic landscape and market liquidity.
“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 diversify and broaden the market. The Fiera Capital fund launch is an exciting second partnership in our Active Asset Management Initiative and builds on QIA’s commitment to support Qatar’s financial markets.”
Klaus Schuster, Executive Director and CEO, Fiera Capital EMEA, commented that, “To be selected by QIA to manage its capital is a testament to the competitive strength and consistent outperformance of our equity investment capability. It is our responsibility as fiduciaries to now put this capital to work; to create wealth for institutional investors, but also to diversify Qatar’s capital markets.”
The Fiera Qatar Equity Fund marks a significant step forward for QIA’s Active Asset Management Initiative which establishes partnershipsboth with leading global asset managers with GCC expertise and local asset managers that meet the investment considerations for a QIA investment. This second partnership follows the successful partnership with the Ashmore Group.
