Fiera global manager aims to anticipate volatility

Defensive tools help investors stay the course, Alexandre Hocquard says.

Michael Ryval 12 April, 2018 | 5:00PM

Alexandre Hocquard and his team at Montreal-based Fiera Capital Corp. weren't caught off guard when global stock markets plunged in early February and the VIX volatility index more than tripled.

"The VIX was actually stable during the last two weeks of January, but our metrics were increasing. We were able to anticipate the jump in volatility in February," says Hocquard, vice-president and senior portfolio manager responsible for systematic investment strategies. He relies on derivatives to protect holdings in the $80-million Fiera Capital Defensive Global Equity. The fund was launched in September 2014 and Hocquard joined the management team in March 2017.

The fund is the twin of the "non-defensive" $361-million Fiera Capital Global Equity, which was introduced in March 2009. Both have the same underlying portfolio managed by Nadim Rizk, senior vice-president and lead manager, global equities.

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Michael Ryval

Michael Ryval  

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