Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter