ELFEC’s board of directors recently made the decision to transfer management of our investment portfolio to Fiera Capital.
There were two primary considerations in the decision process: generation of sound financial returns; and execution of our commitment to Responsible Investment. Each of the firms that made our short list demonstrated the capacity to do both, and each had strengths that convinced the board that they could do a good job for us. Both the investment committee and the board engaged in a thorough analysis before coming to the conclusion that Fiera offered the best option for us now.
All of us here are excited by the possibilities the new relationship will offer to us and our investment partners.
Jeff Pym, ELFEC Executive Director