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
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
