View the article online at http://citywire.co.uk/wealth-manager/article/a745337
Wealth firm partners Peterborough council for infrastructure fund
by Robert St George on Apr 08, 2014 at 15:19
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.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
More from us
- Xcap rebrands as Hume Capital
- European Wealth buys three funds from Hume Capital
- Hume Capital to launch absolute return fund
On the road
by Dylan Lobo on Jul 28, 2014 at 15:00