POWERED BY MOMENTUM MEDIA
Plenary Group and Pinnacle form new funds management venture
A new funds management, Plenary Investment Management, has been created in a joint venture between Plenary Group and Pinnacle Investment Management.
The fund will provide institutional investors with access to a rising number of social infrastructure prospects in Australia, according to a Plenary Group statement.
The new fund will be capped at $500 million and seeded with a diversified portfolio of existing Plenary Group assets, Plenary Group principal John O'Rourke said.
Social infrastructure is demonstrating to be an appealing option for private capital investment, with its growing global pipeline and the surety of steady payment streams and long-term returns, the group said.
"The new fund is structured to allow investors access to long term opportunities that benefit from Plenary Group's proven capacity to manage assets. At the same time, it will enable Plenary to bid for the largest projects in the market," O'Rourke said.
Plenary Group will retain a majority position in Plenary Investment Management. According to the group, this will ensure consistent management of assets through their lifecycle.
AUTHOR
Corrina Jack
Recommended for you
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
