Pipelines
Storage
Processing
CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers providing real estate and infrastructure investment solutions to over 500 clients worldwide.
CBRE Global Investors is the investment management division of CBRE Group, Inc. the world’s premier commercial real estate services and investment firm. The company’s shares trade on the New York Stock Exchange under the symbol “CBRE.”
We believe infrastructure is an essential part of a diversified investment portfolio. An infrastructure asset is one that marries a physical asset essential to society’s function with predictable long-term cash flows. As infrastructure assets are typically monopolistic, they provide a low-risk way to diversify while the duration and resilience of the cash flows can give investors attractive income and growth potential.
Growth in demand for the asset class is coming from the growing need to upgrade and improve existing infrastructure in developed markets, and the need for new infrastructure in developing countries driven by economic, population, and urbanization trends.
A global listed infrastructure strategy may benefit from the liquidity of the equity markets which allows the flexibility to efficiently reallocate the portfolio to capitalize on a market opportunity or to mitigate risk. An allocation to Global Listed Infrastructure may provide attractive income and total returns while typically exhibiting low volatility and low correlation to traditional asset classes.
In an asset class where on-the-ground presence is essential to building relationships, underwriting market potential, assessing regulatory risk and identifying investment opportunities, our team can leverage and benefit from CBRE’s extensive global network and our research locations worldwide.
Infrastructure is one of the fastest growing asset classes globally. Growth in demand is coming from the growing need to upgrade, improve, and develop essential infrastructure assets worldwide.
Listed Infrastructures cash flows and dividends benefit from contractually driven, inflation-linked revenue growth which may provide a hedge against rising inflation and rising interest rates.
A combination of historically attractive total returns and lower volatility means that infrastructure may provide stability and reduce portfolio risk as part of a multi-asset portfolio.
CBRE Clarion’s Global Listed Infrastructure Strategy seeks to generate meaningful outperformance versus the global infrastructure securities market. A high conviction risk-aware approach drives our strategy which is unconstrained by index bias. Our investment process is designed with the goal of adding value through both fundamental research-driven asset allocation and superior stock selection. We focus the portfolio’s investments on companies that own, manage, develop, or operate core infrastructure assets which are the essential building blocks of economic growth and vitality.
March 2012
FTSE Global Core Infrastructure 50/50 Index
The unique asset profile and investment characteristics of global listed infrastructure companies may provide predictability of earnings and dividends, which are relatively immune to traditional market cycles and are typically less volatile than traditional global equity investments.
Midstream Energy
Midstream Energy
Pipelines
Storage
Processing
Utilities
Utilities
Renewables
Gas and Water
Electric
Communications
Communications
Cellular Towers
Satellites
Data Centers
Transportation
Transportation
Toll Roads
Railroads
Airports
Jeremy Anagnos, CFA
Principal, CIO, Infrastructure, CBRE Clarion
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Jeremy Anagnos, CFA
Principal, CIO, Infrastructure, CBRE Clarion
Responsibilities
Mr. Anagnos is the CIO - Infrastructure and a member of the CBRE Clarion Management and Global Investment Policy Committees.
Prior Experience
Prior to joining CBRE Clarion Securities in 2011, Mr. Anagnos served as Co-Chief Investment Officer of CB Richard Ellis Investors’ Securities Team responsible for portfolio management of global real estate securities separate accounts and funds. Mr. Anagnos was a founder of the securities group at CBRE and assisted in raising over $3 billion in assets as well as overseeing the global 28 member investment and operations team. During his career, Mr. Anagnos has worked in various management and research positions in the real estate industry with LaSalle Investment Management in Baltimore/Amsterdam and Deutsche Bank in London. Mr. Anagnos has over 23 years of real estate investment management experience.
Education
Mr. Anagnos earned a Bachelor of Science from Boston College with a degree in Finance. Mr. Anagnos is a holder of the Chartered Financial Analyst (CFA) designation.
Hinds Howard
Principal, Associate Portfolio Manager, Infrastructure
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Hinds Howard
Principal, Associate Portfolio Manager, Infrastructure
Responsibilities
Mr. Howard is an Associate Portfolio Manager and, as a member of CBRE Clarion Securities’ Global Infrastructure research team, is responsible for evaluating listed master limited partnerships (“MLPs”) and energy infrastructure companies in North America.
Prior Experience
Mr. Howard joined CBRE Clarion Securities’ in 2013. Prior to that, Mr. Howard was a portfolio manager and partner managing separate accounts with a MLP investment focus at Guzman Investment Strategies. While at Guzman, Mr. Howard managed client portfolios investing in MLPs and North American energy securities. Mr. Howard previously worked for Lehman Brothers analyzing and modeling public and private energy MLPs, first in the investment banking division and subsequently for an investment fund investing in MLPs. Mr. Howard has over 11 years of listed MLP and North American energy investment experience.
Mr. Howard is a regular speaker and presenter at MLP industry conferences, including the Platts MLP Conference, the PWC MLP User Conference and the OPIS Supply Conference. He has been the author of a blog on MLP investing since 2009 (mlpguy.com), which CBRE Clarion continues to update with weekly commentary.
Education
• M.B.A., Babson College, 2010
• B.S., Boston University, 2004 (summa cum laude, finance)
Daniel Foley, CFA
Senior Vice President, Associate Portfolio Manager, Infrastructure
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Daniel Foley, CFA
Senior Vice President, Associate Portfolio Manager, Infrastructure
Responsibilities
Mr. Foley is an Associate Portfolio Manager and, as a member of CBRE Clarion Securities’ Global Infrastructure research team, is responsible for evaluating listed infrastructure companies in the communications sector globally as well as the transportation and utilities sectors in the Americas region.
Prior Experience
Mr. Foley joined CBRE Clarion Securities’ predecessor firm in 2006, and has over 12 years of financial industry experience. In his tenure with CBRE Clarion Securities and its predecessor firm, Mr. Foley has gained extensive, multi-disciplined experience evaluating real asset securities spanning developed and emerging markets across the globe. He has been an active member of the firm’s Global Infrastructure research team since its inception.
CREDENTIALS
• Chartered Financial Analyst (CFA)
Education
• M.B.A., Villanova University, 2012
• B.S., Drexel University, 2004 (Magna Cum Laude)
Chad Stecker, CFA
Vice President, Senior Analyst, Infrastructure
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Chad Stecker, CFA
Vice President, Senior Analyst, Infrastructure
Responsibilities
Mr. Stecker is a Senior Research Analyst and, as a member of CBRE Clarion Securities’ Global Infrastructure research team, is responsible for evaluating the listed infrastructure companies in the oil/gas transport & storage/MLP’s sector and the communications and utilities sectors in North America.
Prior Experience
Mr. Stecker joined CBRE Clarion Securities’ predecessor firm in 2007. Prior to CBRE, Mr. Stecker worked at SEI. Mr. Stecker has over 13 years of financial industry experience.
Education
Mr. Stecker holds a Bachelor of Science degree from Shippensburg University
Gavin Peacock, CFA
Senior Vice President, Senior Analyst, Asia Pacific
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Gavin Peacock, CFA
Senior Vice President, Senior Analyst, Asia Pacific
Responsibilities
Mr. Peacock is a Senior Analyst and, as a member of CBRE Clarion Securities’ Asia Pacific research team, is responsible for the evaluation of Asia Pacific listed real estate companies and listed infrastructure companies in the transportation and utility sectors globally.
Prior Experience
Prior to joining CBRE Clarion Securities in 2011, Mr. Peacock worked in various analyst positions in the financial industry including positions at First State Investments and Colonial First State. Mr. Peacock has over 17 years of financial industry experience.
Education
Mr. Peacock earned a Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia and a Bachelor of Commerce from Macquarie University. He is a holder of the Chartered Financial Analyst designation.
Daisuke Hotta
Senior Vice President, Senior Analyst, Japan
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Daisuke Hotta
Senior Vice President, Senior Analyst, Japan
Responsibilities
Mr. Hotta is a Senior Analyst and, as a member of CBRE Clarion Securities’ Asia Pacific research team, is responsible for the evaluation of listed Japanese real estate companies and listed infrastructure companies in the transportation and utility sectors globally.
Prior Experience
Mr. Hotta joined CBRE Clarion Securities’ in 2006. Prior to that, Mr. Hotta worked at ING Mutual Funds Management Company (Japan) as an Investment Analyst/Manager, and Abeam Consulting Ltd. Mr. Hotta has over 16 years of financial industry experience.
Education
Mr. Hotta holds a Bachelor of Arts from Keio University and Middlebury College.
Brian Kinsella
Vice President
Institutional Clients and Consultants
[email protected]
Joseph Lavin, CIMA
Senior Vice President
Intermediary Channel and Sub-advisory
[email protected]