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.
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