Morrison & Co launches US$3b global fund

Morrison & Co launches US$3b global fund
Chief executive Paul Newfield said the new fund will accelerate global expansion. (Image: supplied)
Jenny Ruth
HRL Morrison & Co said it has secured more than US$3 billion in funding commitments to establish a new, open-ended global infrastructure fund.The new fund, Morrison & Co Infrastructure Partnership (MCOIP) "is designed to provide investors with access to major global themes driving multi-decade growth opportunities, including the energy transition and decarbonisation, climate change and digitisation of the global economy", the infrastructure specialist said.Gordon Hay, who heads Morrison & Co's core infrastructure funds...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024
RBNZ targeted for uncompetitive banking
Finance

RBNZ targeted for uncompetitive banking

Onerous regulation may be making banking uncompetitive, submitters argued.

Pattrick Smellie 14 Nov 2024