Daniel Kemp
The manager’s Community Infrastructure Fund has acquired the remaining 50 percent it did not already own of Riverland Water, a company in which it first invested in 1996.
Hostplus CIO Sam Sicilia says that high-level talks have already taken place as agriculture becomes relatively less risky.
The Australian fund manager has sold EcogenEnergy, an asset that has generated a 12%-plus return.
The Australian asset manager will lose control of The Infrastructure Fund on 31 March with Utilities Trust of Australia termination date to follow in coming months.
The infrastructure and agriculture advisor has poached Andrew Polson from MyState, who will take the helm in May.
Incumbent CEO Craig Meller to step down in 2018 after five years in the role.
The Australian government will help fund the development of a new pipeline of infrastructure projects across southeast Asia to “attract sustainable public and private financing”.
Purchase sees Transurban move into second market in North America.
Six of the country's largest investors have signed an open letter calling on asset managers to adhere to a code of conduct, in a move to 'rebuild confidence.'
The €1bn stake acquisition is also its first deal in Spain and its third water deal globally.