Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Wealth firm partners Peterborough council for infrastructure fund

Wealth firm partners Peterborough council for infrastructure fund

Hume Capital, a wealth and asset manager, has struck a deal to work with Peterborough council on a new infrastructure fund.

Hume is seeking to raise £130 million for the Peterborough Infrastructure fund, which will be used to redevelop Peterborough’s city centre.

‘There has been a chronic lack of investment in infrastructure, so people need to think outside the box,’ Hume chief executive Nitin Parekh told Wealth Manager.

The fund is targeting an ‘above inflation return’ for investors, with an emphasis on yield.

According to Hume, this is the first time a council in the UK has partnered with an investment firm in this manner.

Parekh confirmed that Hume was also in discussions with a number of other local authorities about establishing similar funds.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter