RARE Infrastructure rebrands as ClearBridge Investments
RARE Infrastructure Limited (RARE) has announced that it will change its name to ClearBridge Investments Limited in the first quarter of 2021.
The decision followed the integration with New York-based global equities manager ClearBridge Investments LLC (ClearBridge), which was announced in 2019 and would enable both businesses to increase their global reach and strengthen operational capabilities by leveraging geographic scale, the firm said.
“Our name is changing, but our approach to infrastructure investing remains unchanged. Asset management continues to be our sole focus, with our Australian investment team delivering authentic active management in the global listed infrastructure space,” Nick Langley, founder and senior portfolio manager at RARE Infrastructure said.
“Our objective remains unchanged: to deliver long-term inflation-linked capital growth by providing investors access to the risk/return profile of unlisted infrastructure through the listed market.
“The RARE Australian managed Funds will be re-named to incorporate the ClearBridge name. The Funds will retain the RARE (Risk-Adjusted Returns to Equity) name, which remains synonymous with RARE’s approach to infrastructure investing.”
Following this, the new fund names would be:
- ClearBridge RARE Infrastructure Value Fund Hedged (all classes)
- ClearBridge RARE Infrastructure Value Fund Unhedged
- ClearBridge RARE Infrastructure Income Fund (all classes)
- ClearBridge RARE Emerging Market Fund
“The RARE investment team will continue to focus exclusively on global listed infrastructure, but we also look forward to increasing our foothold in the Australian market, with Australian institutional investors being able to gain access to ClearBridge's extensive suite of US and global equity strategies,” Terrence Murphy, chief executive officer, ClearBridge Investments, added.
ClearBridge is part of Franklin Templeton and operates with investment independence. As at 30 September 2020, ClearBridge and RARE together managed AUD$212 billion in assets globally.
AUTHOR
Oksana Patron
Recommended for you
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.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
Research by Morningstar has found fixed income funds are bucking a general trend around managed fund fee dispersion with a smaller fee dispersion compared to equity ones.
As investors seek to diversify their portfolios, the naming of bond labels has broadened out to include green, social and impact bonds, according to the annual RIAA report.
