The Globe and Mail reports in its Thursday, April 25, edition that Montreal-based Fiera Capital could benefit from the departure of its largest shareholder Desjardins, which could be advantageous for Fiera founder Jean-Guy Desjardins. The Globe's Jameson Berkow writes that Desjardins Financial Holding, an indirect wholly owned subsidiary of Federation des caisses Desjardins du Quebec, announced plans Wednesday to sell its 6.8-per-cent interest in Fiera. Because the shares are held through a limited partnership that owns 20.7 per cent of Fiera Holdings, other members of the LP, primarily Mr. Desjardins, have the right of first refusal. According to the company, an offer is already being prepared. Fiera spokesman Yasmine Sardouk says: "Management is actively structuring an offer and looking to get it done within the next couple of weeks. This is very exciting for the management team." RBC analyst Geoff Kwan, who rates Fiera "hold" with a $7 share target, said on Wednesday that the "least disruptive and best outcome" would be for the management bid to be successful. Fiera Capital had a total of $162-billion in assets under management as of the end of last year.