Fiera will actively manage investments in equities on the Qatar Stock Exchange via the fund and offer them to international and local institutions. The QIA, Qatar’s sovereign wealth fund, will be the anchor investor and contribute capital to the fund through cash and stock. (The Logic)

Talking point: As Qatar tries to diversify its economy, which is heavily dependent on oil and gas exports, the QIA has started forging partnerships with global investment managers. The deal with independent, TSX-traded Fiera—which has an office in Abu Dhabi and which now intends to open one in Doha—follows a partnership between the QIA and British asset manager Ashmore Group. “Attracting overseas asset managers to invest in Qatar equity will fuel market participation and help to diversify and broaden the market,” Mohammed Saif Al-Sowaidi, the CEO of QIA said. Fiera had around US$112 billion in assets at the end of March, according to their press release.