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Richard Elmslie comments on Intoll takeover bid
The Canada Pension Plan Investment Board has made an indicative, non-binding and conditional proposal to acquire the entire issued capital of Intoll for a current equivalent of AUD$1.535 per Intoll stapled security via Schemes of Arrangement.
RARE Infrastructure director Richard Elmslie comments on the Intoll takeover bid in this Lateline news item:
Lateline interview: video & transcript [...]
posted July 19, 2010
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Canadian pension fund bids for Intoll
Michael Hobbs, Financial Standard
The Canada Pension Plan Investment Board (CPPIB) moves to buy Sydney-based infrastructure group Intoll.
CPPIB bid provides three options for Intoll shareholders including a cash offer equivalent of $1.53 per Intoll stapled security.
The offer represents a significant premium to Intoll’s recent trading price, according to CPPIB.
While CPPIB is doing due diligence on the [...]
posted July 19, 2010
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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 [...]
posted June 15, 2010
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RARE Infrastructure Value Fund Market Commentary – May 2010
May was a “shocker” for equity markets, with the US market (Dow Jones index) having its worst month since 1940. All markets were down in May (developed markets (MSCI World down -7.2%) and Emerging Markets (MSCI EM Local) down 5.6%.
Volatility was heightened due to:
• the Greek debt crisis spreading to Iberia’s debt funding/refinancing needs and [...]
posted June 15, 2010
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RARE continues to grow its business and client base
RARE Infrastructure (RARE) today announced that it has funds under management in excess of AUD2.5 billion1 of institutional and retail funds in its global listed infrastructure strategies. Since its founding in 2006, RARE has gained institutional clients in Australia, Hong Kong, Canada, United States and the United Kingdom. In addition, RARE has retail and multi-manager [...]
posted June 9, 2010
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RARE Infrastructure Emerging Market Fund Market Commentary – April 2010
Despite ending April slightly up the global markets fell strongly towards the back end of the month as a wave of negative newsflow saw investors assess their risk profiles further (bonds v equity v cash in the cookie jar). And as de-risking gains greater favour the 2010 trend continued with the EMs again under performing [...]
posted May 21, 2010
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RARE Infrastructure Value Fund Market Commentary – April 2010
April started strongly with global markets up +3% by 14 April. However adverse news on Goldman Sachs and Europe meant markets finished flat (developed markets (MSCI World up +0.3%) and Emerging Markets (MSCI EM Local) down 0.2%
Despite what appears to be strong US economic recovery markets are very focused on Greece and peripheries, possible indictment [...]
posted May 21, 2010
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Investing in a solid foundation: infrastructure
James Dunn | From: The Australian | April 28, 2010 12:00AM
INVESTORS should be looking at infrastructure for one very good reason: it is where the growth is.
Globally, according to Canadian Imperial Bank of Commerce World Markets, $US35 trillion will be spent on infrastructure over the next 20 years.
The Organisation for Economic Co-operation and Development puts the [...]
posted April 28, 2010
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RARE Infrastructure Emerging Market Fund Market Commentary – March 2010
The global markets ended the month on a positive note for the first time this year. However, the EMs again under performed their developed peers albeit at a more muted pace (MSCI EM +6.2% vs MSCI World +6.5% in local terms). Within the EMs all markets RARE are exposed to were up, some very strongly [...]
posted April 25, 2010
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RARE Infrastructure Value Fund Market Commentary – March 2010
March was a very strong month for virtually all equity markets as economic data continued to surprise many economists and market participants. Developed markets (MSCI World, local) finished up 6.3% and emerging markets (MSCI EM, local) up 6.1%.
Over the last 9 months RARE has consistently commented that investors will observe rising Treasury yields and increased [...]
posted April 21, 2010
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