Interest spikes in US infrastructure debt
Amid the growing interest in infrastructure debt investment, AMP Capital has bolstered its New York team by hiring Adam Heath as vice president of infrastructure debt.
Heath would be responsible for originating and executing infrastructure debt investments in North America, which AMP Capital said was a growing asset class in the US.
Australian investors were also increasing their interest in those markets as well, as they were able to generate consistent, attractive cash yields with capital stability, according to AMP Capital.
Heath reported to AMP Capital's infrastructure debt principal Patrick Trears.
Trears said: "We find that the risk and return profile of our infrastructure debt strategies is particularly attractive to institutional investors who are looking for yield without having to take on high levels of risk".
Heath was previously an associate director of finance at Caithness Energy, a private investment company that focused on acquiring assets in the North American power sector. He also held positions at RBC Capital Markets and WestLB, where he was responsible for structured finance, and mergers and acquisitions in the infrastructure and energy sectors.
He joined AMP Capital on 6 September.
Too see how AMP Capital's core infrastructure fund has performed against its peers and index, click here
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.