Australian infrastructure boutique RARE will be changing its name in the new year, after integrating with fellow Franklin Templeton firm ClearBridge Investments LLC.
RARE Infrastructure will be changing its name to ClearBridge Investments in the first quarter of 2021.
The integration with New York-based global equities manager ClearBridge, which was announced last year, has enabled both businesses to increase their reach and boost operational capabilities by leveraging their geographic scale.
The firms, while owned by Franklin Templeton, operate with investment independence. They were both affiliates with Legg Mason, which was bought by Franklin Templeton in February.
As at 30 September, ClearBridge and RARE together managed $212 billion in assets globally.
Nick Langley, founder and senior portfolio manager at RARE said although the brand is changing, the company’s approach to infrastructure investing will remain unchanged.
“Asset management continues to be our sole focus, with our Australian investment team delivering authentic active management in the global listed infrastructure space,” Mr Langley said.
“Our objective remains unchanged: to deliver long-term inflation-linked capital growth by providing investors access to the risk/return profile of unlisted infrastructure through the listed market.”
The RARE Australian managed funds will be renamed to incorporate the ClearBridge brand, but the funds will retain the RARE name – which Mr Langley said reflects the company approach (risk-adjusted returns to equity).
Terrence Murphy, chief executive of ClearBridge added RARE’s investors will be able to access his company’s ESG capabilities.
“The RARE investment team will continue to focus exclusively on global listed infrastructure, but we also look forward to increasing our foothold in the Australian market, with Australian institutional investors being able to gain access to ClearBridge’s extensive suite of US and global equity strategies,” Mr Murphy said.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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