The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $157B-AUM Multinational Debuts Its 2nd U.S. MF Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 14, 2021

A $157B-AUM Multinational Debuts Its 2nd U.S. MF

Reported by Neil Anderson, Managing Editor

A multinational asset manager with $157 billion in AUM (as of September 30) is launching its second mutual fund for U.S. investors. Watch for the firm's U.S. team to build out in several areas.

Bachar Beaini
First Sentier Investors
Managing Director, Americas
Yesterday, Bachar Beaini, managing director of the Americas for First Sentier Investors (fka First State Investments), and Andrew Greenup, deputy head of listed infrastructure, unveiled the First Sentier American Listed Infrastructure Fund (FLIAX). The new fund is powered by a team based in First Sentier's hometown, Sydney, that manages $7.7 billion: Greenup is the new fund's lead PM, while Jessica Jouning, is assistant PM. (Greenup also co-PM's First Sentier's first U.S. mutual fund.)

Randy Paas, senior director of institutional distribution at First Sentier, notes that, unlike most listed infrastructure funds that investors have access to, the new fund is focused specifically on the U.S., not globally.

In terms of distribution, the First Sentier folks in the U.S. have mostly focused on institutional channels, especially subadvisory relationships with other asset managers, Paas says. (They also offer a CIT for use inside retirement plans.) Yet with the new, they do expect to make more headway with financial advisors and retail investors.

As for First Sentier's presence in the U.S., Beaini notes that they've been building out their private infrastructure investing team here over the last couple of years. He expects to continue to expand that team going forward. And there's one more expansion area on his list.

"We'll selectively add distribution people over year," Beaini tells MFWire. "We're not not driven by just trying to grow. We've got to grow sensibly."

In terms of future products in the U.S., Paas points to one possibility: a version of an ESG listed infrastructure strategy, which they've been offering to European clients for about three years. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use