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UBS infrastructure fund invests in UK’s Southern Water

The UK water utility Southern Water will be the second investment for the UBS International Infrastructure Fund, managed by UBS Global Asset Management through its dedicated infrastructure

The UK water utility Southern Water will be the second investment for the UBS International Infrastructure Fund, managed by UBS Global Asset Management through its dedicated infrastructure arm, Infrastructure Asset Management.

Southern Water is the fastest growing of the 10 water and sewage companies in the UK, servicing Kent, Sussex, Hampshire and the Isle of Wight. The firm provides water services to more than 2.3 million people and wastewater service to about 4.3 million.

The first investment for the UBS International Infrastructure Fund was Northern Star Generation, a generator with a portfolio of 13 power stations across the US.

John Fraser, chairman and chief executive of UBS Global Asset Management, says, ‘This investment in Southern Water, alongside our investment in Northern Star Generation earlier this year, demonstrates the top tier infrastructure offering available for our clients.’

UBS Global Asset Management provides traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide. Invested assets totalled some CHF920bn at the end of June, making the firm one of the largest global institutional asset managers, a leading fund house in Europe and the largest mutual fund manager in Switzerland.

With around 3,500 employees in 23 countries, UBS Global Asset Management’s main offices are in Basel, Chicago, Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York, Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.

Infrastructure Asset Management forms part of UBS’s offering of alternative investments, originating and managing infrastructure funds including listed infrastructure securities funds and funds that make direct investments in infrastructure and utility companies globally. IAM has 25 infrastructure professionals located in London, New York, Hong Kong and Sydney.

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