RARE Infra wins $1.4bn in mandates
Michael Hobbs, Financial Standard
RARE Infrastructure has attracted $1.4 billion in investment mandates in nine months including one from the $67 billion Future Fund.
The global listed infrastructure fund manager has gained a number of institutional clients from Australia, Hong Kong, Canada, US and UK including several new clients in the past nine months.
Colonial First State awarded RARE a $200 million global listed infrastructure mandate in January this year.
It is not known when the Future Fund gave the fund manager an undisclosed investment mandate this year.
AvSuper, Canada’s Corporate Pension Plan, Russell OpenWorld and van Eyk Blueprint all awarded RARE Infrastructure mandates last year.
RARE Infrastructure was founded in 2006 and has more than $2.5 billion under management.
Nick Langley, investment director and senior portfolio manager at RARE, said the portfolio’s liquidity allowed the fund manager to reallocate to growth assets quickly early last year.
“[This] gave us the flexibility to transform the portfolio from a very defensive position, with significant utility exposure, in early 2009 to a more GDP leveraged position, with greater exposure to toll roads and rail,” he said.
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