Business
AGF and Instar Launch New Alternative Investment Offering for Institutional Investors
Veteran infrastructure investment professional Gregory Smith to lead new joint venture c...
About this update from Agf Management Limited Class B
[{"type":"text","content":"\n\n\nVeteran infrastructure investment professional Gregory Smith to lead new\n joint venture company\n\n\nTORONTO, Jan. 22, 2014 /CNW/ - AGF Management Limited (AGFML) and Instar\n Group Inc. (Instar) today announced the launch of InstarAGF Asset\n Management Inc., a new joint venture that will provide global\n institutional investors with access to infrastructure investment\n opportunities. Based in Toronto and led by Gregory Smith, a pioneer in\n the infrastructure investment community, the new company will invest in\n and manage a range of alternative asset funds, with primary focus on\n infrastructure assets.\n\n\nAGF will be an active shareholder in the joint venture, providing a\n range of operational services, working capital, and seed capital\n investment.\n\n\n\"AGF is delighted to be working with Greg Smith in this important new\n venture,\" said Blake C. Goldring, Chairman and Chief Executive Officer,\n AGF Management Limited. \"Allocations to alternatives have been steadily\n increasing, and private infrastructure assets remain especially\n attractive to institutional investors with long-dated liabilities. This\n new investment capability bolsters our current product offering and\n will leverage our global distribution footprint,\" added Goldring.\n\n\nGreg Smith, a 20-year veteran in the investment, operations,\n acquisition, and financing of public and private infrastructure, real\n estate, power, and utility businesses, will lead the company. \"The\n global market for alternative investment opportunities is expanding\n rapidly and we have found an ideal partner in AGF,\" said Gregory J.\n Smith, President and Chief Executive Officer, Instar Group\n Incorporated. \"AGF has extensive resources to support the operating\n needs of this business, and their investment will allow us to focus on\n securing and managing a portfolio of high quality infrastructure\n assets,\" added Smith.\n\n\n\"The joint venture with Instar is a prudent investment of our capital\n that will provide AGF with a strong return while enhancing and\n expanding our investment capabilities,\" said Robert J. Bogart,\n Executive Vice-President and Chief Financial Officer, AGF Management\n Limited. \"InstarAGF is an important first step in the execution of our\n alternative investment strategy,\" added Bogart.\n\n\nABOUT AGF MANAGEMENT LIMITED\n\n\n...