CenterSquare Launches Institutional Global Listed Infrastructure Strategy

NEW YORK and LONDON (NOT FOR DISTRIBUTION IN FRANCE AND NORWAY), Dec. 3, 2014 /PRNewswire/ -- CenterSquare Investment Management, the real asset investment boutique for BNY Mellon, has launched an institutional investment strategy that invests in global infrastructure via publicly traded companies.

The investment universe for the strategy comprises companies throughout the world that manage, own or develop long-term real assets related to energy, communications, water, transportation, and other systems essential to a functioning economy.  Within this universe, CenterSquare is focused on companies managing real assets with strong cash flow visibility, low direct commodity exposure, long duration contracts, and a steady long-term demand outlook. 

"Global infrastructure assets are vital to economies worldwide and yet are significantly underfunded and underdeveloped," said Todd Briddell, chief executive officer and chief investment officer for CenterSquare.  "We see an opportunity to manage a liquid alternative asset class that features strong and historically stable yields and is poised for growth, driven by both economic and secular trends."

Briddell said the global listed infrastructure strategy is a natural extension of CenterSquare's expertise in listed real estate.  "As in listed real estate, the return and risk characteristics of global infrastructure securities are based on the underlying real assets," said Briddell.    

CenterSquare's global listed infrastructure team is led by portfolio managers Maneesh Chhabria, who was instrumental in the development of CenterSquare's global real estate investment trust (REIT) platform in 2006, and Joshua B. Kohn, an energy investment specialist who joined the firm from Turner Investments.   CenterSquare has also brought in Theodore Brooks, III, previously a director of equity research at the power and utilities group at Barclays Capital, and Marshall E. Reid, previously a senior investment manager at the Teacher Retirement System of Texas.

CenterSquare was founded in 1987 and offers a variety of real asset strategies and products.  CenterSquare manages approximately $6.8 billion in public real estate securities through CenterSquare Investment Management, Inc. and approximately $1.5 billion (gross) in debt and private equity real estate investments through CenterSquare Investment Management Holdings, Inc. (together referred to as "CenterSquare"), as of September 30, 2014.  It manages investments for institutional investors and high net worth individuals throughout global markets and across public and private capital sectors.  It is one of the investment boutiques of BNY Mellon Investment Management.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

All information source BNY Mellon as of September 30, 2014. This press release is qualified for issuance in the UK, Europe and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. Any views and opinions contained in this document are those of the investment manager, unless otherwise noted. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) to members of the financial press and media and the information contained herein should not be construed as investment advice.  Past performance is not a guide to future performance.  The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements.  When you sell your investment you may get back less than you originally invested. Registered office of BNYMIM EMEA: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.

Contact: Mike Dunn 
+1 212 922 7859  
[email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/centersquare-launches-institutional-global-listed-infrastructure-strategy-300004086.html

SOURCE BNY Mellon

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