Key North American win for Colonial First State
Colonial First State Global Asset Management (CFSGAM) has secured US$500 million in mandates as a result of being included on Russell Investments' Global Listed Infrastructure multi-manager platform.
CFSGAM managing director, Americas, James Twiss said it represented his team's first North American win and recognised the outperformance of the CFSGAM Global Listed Infrastructure Fund.
He said winning the mandate had followed extensive due diligence by Russell's manager research team over the past 18 months.
"It has been a true team effort and puts us in a strong position to build our presence in the Americas, as well as to grow our listed-infrastructure business in 2013," Twiss said.
"This is the largest win in North America since the opening of our New York office in August 2011, and is the first win for Colonial First State Asset Management (Australia) Limited since obtaining its SEC licence in January 2012," he said.
Recommended for you
Two commentators have shared why cultural alignment can be the biggest deal breaker when it comes to advice M&A and how to ensure a successful fit.
Formal education has played a large role in enhancing the advice profession over the last decade but, with the bar now so high, two advisers debate whether it is necessary to complete additional study.
With an abundance of private market options coming to market, due diligence becomes increasingly important as advisers separate the wheat from the chaff, adviser Charlie Viola has said.
The Treasury has launched a consultation into how the $47 million special levy for the Compensation Scheme of Last Resort will be funded.
