Ausbil moves into global infrastructure
Ausbil Investment Management has announced plans to move into global infrastructure after it hired a team of four investment professionals to manage its new global listed infrastructure strategy.
The team included Tim Humphreys as portfolio manager, Jon Reyes as co-portfolio manager and head of transportation, and Paul Johnston as head of utilities, with the final member of the team to be announced shortly, the firm said in a press release.
Humphreys, who has over 20 years of experience in financial markets in Europe and Sydney, and previously worked for AMP Capital RARE and Rothschild Asset Management, would be responsible for the overall construction of the portfolio.
Reyes and Johnston would also be in charge of the portfolio construction, on top of conducting analysis of their respective sectors.
At the same time, Ausbil’s executive chairman and head of equities, Paul Xiradis, would continue to oversee the business’ domestic equity strategies.
Ausbil’s chief executive, Ross Youngman, said the team was expected to start in early July.
“We’re a decade into the global economic recovery with positive implications for global infrastructure. Our clients want exposure to the theme so we’re delighted to secure individuals of this calibre to implement our investment strategy,” he said.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.