UBS AM expands with two new partnerships
UBS Asset Management has announced its two new partnerships with CBRE Clarion and Yarra Capital Management, which will include management of its UBS branded listed AREITS and Australian equity funds, respectively.
CBRE Clarion’s portfolio management team is led by Justin Pica, and is one of the world’s leading real asset managers that has been managing portfolios for UBS AM Australia since 2005, the firm said.
“The appointment of our team is a recognition of the strength of our Australian REIT strategy and the long-term value it has generated for our clients in Australia,” CBRE Clarion’s president and co-CIO, Joe Smith, said.
Yarra, which is an independent active Australian fund manager, specialises in managing Australian large, mid and small cap portfolios for both institutional and retail clients.
UBS AM’s head of Australia and New Zealand, Bryce Doherty, said that the firm continued its expansion towards funds platform by offering global equities, global listed infrastructure and emerging markets to Australian clients.
“Our clients understand that our investment expertise comes from all over the world so irrespective of whether it is Anne Anderson’s fixed income team managing your portfolio from our Sydney office or Geoff Wong’s emerging markets team out of Singapore, you should expect a best in class relationship,” he said.
“We look forward to the added expertise that the CBRE Clarion and Yarra Capital Management teams bring to our UBS branded fund range.”
AUTHOR
Oksana Patron
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.
