Alt Investments
AMP Capital, HSBC Build Listed Infrastructure Equity Team
HSBC Asset Management and AMP Capital join forces to form new listed infrastructure equity team and strategy/fund.
HSBC
Asset Management has partnered with AMP Capital to launch a
new listed infrastructure equity team and its first Global Listed
Infrastructure Equity Fund strategy.
The collaboration, which expands HSBC AM’s alternatives
investment capability, sees a seven-strong listed
infrastructure equity team joining from AMP
Capital. Led by Giuseppe Corona, head of listed
infrastructure equity at AMP Capital, the team will report to
Joanna Munro, chief executive officer of HSBC Alternatives.
“We are excited to join HSBC AM’s growing alternatives investment platform,” Giuseppe Corona said. “Listed infrastructure has seen significant growth over the last decade. We expect this trend to continue, supported by secular tailwinds such as the ongoing digitalisation of the economy and the vital need to transition to a lower carbon environment.”
The team, which has been managing $2 billion in AUM in listed infrastructure equity assets, is split between London and Sydney. Along with Corona, the listed infrastructure equity team members based in London will include managing principals Antonio Barbera and Andy Jones, principal Michel Debs and investment specialist Jessica Nguy.
Managing principal Joseph Titmus and senior analyst Xueting
(Claire) Zhang are based in Sydney.
“This is another pivotal step in HSBC Alternatives’ growth, and
we are excited to bring in such a high-quality investment team
with a solid track record,” Joanna Munro, CEO HSBC Alternatives,
said. “Infrastructure equity fits perfectly with our strategy of
bringing core and innovative solutions to institutional and
wealth clients who are increasingly looking to diversify and
allocate more to alternatives. Asset classes like infrastructure
are ideally placed as they allow them to do this with a
sustainable focus.”
The Global Infrastructure Equity fund will invest in a
diversified portfolio of listed infrastructure assets across both
developed and developing equity markets and will
incorporate ESG factors.
The strategy will focus on the communication, energy,
transportation and utilities sectors.
It will be offered to both institutional and wholesale clients
globally (subject to local registration requirement) and meets
Article 8 Sustainable Finance Disclosure Regulation
classification.
Last year HSBC AM said it was bringing together all of its
existing alternatives capabilities under a single business unit,
HSBC Alternatives, with a 150-strong team and combined assets
under management and advice of $47 billion.