Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. 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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter