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Marc Lecavalier

Marc Lecavalier

Senior Portfolio Manager, Small Cap Equities at Fiera Capital Corp.

Montreal, QC , Canada

About

Marc Lecavalier, CFA, is a seasoned portfolio manager currently focused on Canadian small capitalization equities. Until mid-2025, he served as Senior Portfolio Manager at Fiera Capital Corp. in Montreal, overseeing the firm's Canadian Equity Small Capitalization and Canadian Equity Microcap Opportunity strategies, with assets under management totaling approximately C$1.2 billion as of the end of 2024. His investment responsibilities have prominently included managing small-cap and micro-cap equity portfolios, with an emphasis on Canadian markets and a particular expertise in Quebec-based growth stocks.

Lecavalier began his career as an equity analyst at Natcan Investment Management before joining Fiera Capital in 2001, where he advanced through various analyst and portfolio manager roles within the small-cap equities team. He has acted as portfolio manager for products such as the NBI Quebec Growth Fund and the NBI Small Cap Fund, and is regarded for his deep knowledge of Canadian growth sectors, particularly among small- and micro-cap stocks.

Marc Lecavalier holds a Bachelor of Business Administration, majoring in finance, and a Master’s in Management (finance), both from Université de Sherbrooke, and has earned the Chartered Financial Analyst (CFA) designation. Over his more than two-decade career, he has contributed significant expertise to the Canadian asset management industry, particularly through specialized small-cap mandates. In 2025, after 13 years at Fiera, he transitioned to a new role at Montrusco Bolton Investments, continuing his focus on small-cap equity strategies.

Career History

OrganizationRoleDate RangeDetails
Fiera CapitalSenior Portfolio Manager, Small Cap EquitiesJan 2018 to Present
Portfolio Manager - National Bank Small Capitalization Fund Portfolio Manager - National Bank Quebec Growth Fund Portfolio Manager - Fiera Canadian Small Capitalization Fund Portfolio Manager - Fier...
Fiera CapitalPortfolio Manager, Small Cap EquitiesApr 2012 to Dec 2017
Portfolio Manager of National Bank Quebec Growth Fund; Portfolio Manager of Quebec Micro-Cap Fund; Portfolio Manager Natcan QSSP Fund; Small-Cap Energy Sector Analyst
NatcanVice President, Small Cap EquitiesApr 2001 to Apr 2012
Portfolio Manager of Altamira Quebec Growth Fund; Portfolio Manager of Quebec Micro-Cap Fund; Portfolio Manager Natcan QSSP Fund; Small-Cap Energy Sector Analyst

Education

Université de Sherbrooke

M.Sc., Finance

2000 2001

Université de Sherbrooke

BAA, Finance

1997 2000

Others at Fiera Capital Corp. (26)

NameRoleLocation
Anthony Nomakeo
Anthony Nomakeo
Senior Analyst, Municipal Credit ResearchBoston, MA , United States
Bhavik Kothari
Bhavik Kothari
SVP and Portfolio ManagerMiamisburg, OH , United States
Ab Singh
Ab Singh
Senior AnalystMontreal, QC , Canada
A
Alexander Sharp
Billing AnalystMontreal, QC , Canada
B
Benoit Paquette
Lead Analyst, Performance and ReportingMontréal, QC , Canada
Candice Bangsund
Candice Bangsund
Vice President and Portfolio Manager, Global Asset AllocationMontreal, QC , Canada
Charles Lefebvre
Charles Lefebvre
Vice président et gestionnaire de portefeuille principal, Revenu FixeMontreal, QC , Canada
Cho Catherine
Cho Catherine
Senior AnalystNew York, NY , United States
Cody Francis
Cody Francis
Finance and Accounting AnalystToronto, ON , Canada
E
Eric Lopez
Senior Analyst, Systems MaintenanceMontreal, QC , Canada
Showing 1-10 of 26 team members