RARE Infrastructure, which has around A$11 billion (€7.9 billion; $8.5 billion) under management in global listed infrastructure products, is planning to test appetite for listed infrastructure in Europe with a view to establishing a permanent investment team presence in London.
David Bentley – a senior investment analyst and portfolio manager for tailored portfolio strategies at the firm – will be heading from RARE’s Sydney base to the UK within the next couple of months to engage with UK and European pensions and assess their appetite for listed infrastructure.
If the firm reaches the conclusion that appetite is sufficiently strong, Bentley would look to relocate to their London office later in the year to join a trader and distribution professional and continue to engage with existing and potential clients in the region.
RARE, which was established in 2006, has clients in Australia, New Zealand, Asia, the US, UK, Europe, Canada and the Middle East including corporate, industry and government pension funds and other institutional and retail investors. The firm invests in the listed securities of infrastructure projects and developments in sectors including airports, gas, electricity, water and roads.
The firm also has offices in Melbourne and Chicago and is headed by co-chief executive officers and co-chief investment officers Richard Elmslie and Nick Langley. Prior to co-founding RARE in 2006, Elmslie spent five years as head of power and joint head of infrastructure at UBS Investment Bank. Also a co-founder, Langley was for four years a principal in AMP Capital’s infrastructure funds management team.
Bentley joined RARE in 2013, having previously been an investment manager at Future Fund, the Australian sovereign wealth fund, where he was responsible for the implementation and management of its listed infrastructure strategy.