POWERED BY MOMENTUM MEDIA
Colonial First State Global Asset Management wins $500m mandate
Colonial First State Global Asset Management (CFSGAM) has secured global mandates of more than US$500 million after being included on Russell Investments' Global Listed Infrastructure multi-manager platform.
The mandates which stretch across Australia, Canada and the United States represent the team's first North American win and the first win for CFSGAM Australia since obtaining its Securities and Exchange Commission (SEC) licence in January 2012, said CFSGAM managing director Americas, James Twiss.
Twiss said the deal, which came after 18 months of due diligence by Russell Investments, would position the team for strong growth in 2013.
"Since June 2011 we have held Russell's highest rating for our Global Listed Infrastructure Fund.
"The strength of our capability, highly experienced team and rigour of our security-selection process played a key role in Russell's decision to appoint us," he said.
CFSGAM head of global listed infrastructure Peter Meany said that the volatile and uncertain nature of markets post-2007 had given the team the opportunity to showcase the asset class's defensive nature, as well as the team's disciplined investment process and skills as active managers.
He said the fund had seen increasing demand from investors wanting to go back into equity markets without adding significant risk.
"The outlook for global listed infrastructure remains positive.
"The sector offers structural growth, real income and lower volatility," he said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
