Columbia Threadneedle to launch infrastructure capability; hires four-strong team
Columbia Threadneedle Investments has hired a team to build an infrastructure investment capability for UK and European institutional clients such as pension funds.
The firm, which manages £346bn of assets, is expanding into the asset class as restrained public spending on infrastructure projects means increased investment opportunity for the private sector.
Heiko Schupp has been appointed as the newly-created global head of infrastructure investments. He has spent more than 20 years in investing in international infrastructure transactions and assets.
He joins from Hastings Fund Management where he was senior portfolio manager. Before that he held other senior roles in Pantheon Ventures, Bank of Scotland and Pricewaterhouse Coopers.
Columbia Threadneedle Investments chief executive officer Michelle Scrimgeour said: "The investment opportunity for the private sector is growing-public spending is constrained, yet governments around the world need to construct more assets to maintain their economic growth. It is estimated that in Europe alone, €2trn (£1.8trn) of investment in infrastructure is needed by 2020."
The G20-backed Global Infrastructure Hub has estimated $94trn of infrastructure spending is needed globally by 2040.
The firm has also hired Ash Kelso, Antonio Botija and Ingrid Weston to the team.
Kelso, who has been appointed head of asset management, has more than 15 years' investments experience and was previously director for energy, utilities and infrastructure at PriceWaterhouse Coopers. Botija joins as head of acquisitions from Hastings Fund Management where he was an investment director. Weston, who is now senior portfolio manager, previously worked for HSBC as a product specialist in infrastructure debt.
Scrimgeour said the expansion into infrastructure will complement its existing range of real assets and alternative investments, and allow it to enhance its offering to clients".
She added: "In an era of low interest rates, the long-term nature of infrastructure assets and their stable, inflation-linked income characteristics match the longevity and total return requirements of institutional investors' portfolios."
More on Investment
Tender Watch: PPF appoints seven providers for training and development services
Professional Pensions rounds up some of the latest tender awards from across the industry.
Border to Coast makes £540m investment in infrastructure
Border to Coast Pensions Partnership has invested a further £540m in infrastructure as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
BT, Ford and M&S schemes granted extension for legal challenge over government's decision to align RPI with CPIH
The trustees of the BT Pension Scheme, Ford Pension Schemes, and the Marks and Spencer Pension Scheme have been granted an extension to consider a legal challenge of the government’s actions following its decision to align the Retail Prices Index (RPI)...
Industry Voice: The role of themes in investing
We may be familiar with the concept of thematic investing, but how can themes actually play a part in security selection?
Industry Voice: Exploring transaction costs in fiduciary management
In the first of Schroders ‘Fiduciary Management Insight’ series, Neil Walton, Head of Investment Solutions at Schroders examines why Trustees should be aware of transaction costs and their impact on portfolio returns.
Most read
