Fiera Capital Corp Appoints New Legal Chief Amid Fund Termination Strategy Changes
- Fiera Capital announces termination of imaxx Canadian Fixed Pay Fund and imaxx Short Term Bond Fund, effective November 28, 2025.
- Unitholders can redeem their units without fees until the termination date, ensuring fair treatment during the transition.
- Fiera appoints Sandro Muzzo as Global Chief Legal Officer to enhance legal oversight and compliance amid market changes.
Fiera Capital Corp Strengthens Legal Leadership Amid Fund Termination Announcement
Fiera Capital Corporation, a leading independent asset management firm based in Montreal, recently announces the termination of its imaxx Canadian Fixed Pay Fund and imaxx Short Term Bond Fund, effective on or around November 28, 2025. This decision marks a significant shift in the management of these funds, which had already been closed to new purchases. Unitholders are granted the opportunity to redeem their units until the close of business on the termination date, with Fiera Capital waiving any applicable short-term trading and redemption fees, reinforcing its commitment to client service during this transitional period. Those who opt not to redeem their units will receive proceeds based on their proportionate share of the funds' assets, calculated using the net asset value per unit multiplied by the number of units held.
As the termination date approaches, stakeholders are advised that the funds may deviate from their stated investment objectives. This situation arises as Fiera Capital navigates the complexities of fund management while ensuring that existing unitholders are treated fairly. The firm has been proactive in communicating these changes, emphasizing its dedication to transparency and client satisfaction. The decision to terminate these funds reflects a broader strategy to refine its investment offerings and ensure alignment with the evolving market landscape, thus maintaining the firm’s competitive edge in providing tailored multi-asset solutions.
In conjunction with this announcement, Fiera Capital also appoints Sandro Muzzo as its Global Chief Legal Officer. Muzzo's extensive legal experience, particularly in corporate and securities law, positions him well to oversee the company's legal function and provide strategic guidance across investment platforms and corporate operations. His previous role as Senior Vice President and General Counsel for Canada involved advising on major transactions, underscoring his capability to navigate complex regulatory environments. With Muzzo's appointment, Fiera Capital aims to bolster its legal framework, further ensuring compliance and ethical standards as it adapts to changing market conditions.
Fiera Capital continues to emphasize its commitment to delivering exceptional service while fostering sustainable wealth creation for clients across North America, Europe, and Asia. With its global presence in key financial hubs like New York, London, Hong Kong, and Abu Dhabi, the firm remains focused on providing customized multi-asset solutions to institutional, financial intermediary, and private wealth clients. The recent leadership changes and fund terminations reflect Fiera Capital’s agility in responding to market demands while prioritizing client interests.