NEW YORK, Sept 30 (Reuters) - Canadian asset manager FieraCapital announced it has bought London-basedCharlemagne Capital for 40.7 million pounds ($52.8million) and said it is in talks with several other targets.
The Montreal-based firm wants to have C$200 billion assetsunder management by 2020, up from C$109 billion at the end ofJune, and is aggressively pursuing acquisitions to achieve that.
"We are seeing a number of potential opportunities in themarket at this time that could add to our capabilities. We aretalking to six or seven different parties," Chief OperatingOfficer Sylvain Brosseau said in an interview on Friday.
Fiera said that the Charlemagne acquisition would provide itwith an entry into the emerging markets asset class and give ita European platform to enhance its growth.
Charlemagne Capital was established in 2000 and has assetsunder management of over $2 billion.
($1 = 0.7708 pounds) (Reporting by Matt Scuffham; Editing by Cynthia Osterman)