London, 22 March 2019: Foresight Group (“Foresight”) was named Fund Manager of the Year for FP Foresight UK Infrastructure Income Fund (‘FIIF’) at yesterday evening’s PLC Awards 2018 gala dinner and ceremony, which took place at The Grosvenor House Hotel.
The Fund Manager of the Year award is awarded to the best performing fund manager based on published data over the period of the 1 January 2018 to 31 December 2018. Since its launch on 4 December 2017, FIIF has achieved significant capital appreciation, contributing to a twelve-month total return of 11.65% with annualised volatility of 4.6%. Total return since inception now stands at 16.97% with NAV at more than £130 million.
The PLC Awards have been held for the past 33 years, celebrating outstanding performance in the previous twelve months. This prestigious event is attended by CEOs, CFOs, investment bankers, fund managers, analysts and corporate advisers from a wide spectrum of investment companies.
The strong performance of FIIF reinforces the case for investing in UK listed infrastructure and renewables, which provides access to long-term, inflation-linked and government backed cash flows. The diversified exposure to high quality infrastructure and renewable assets enables the fund to deliver predictable income with low volatility, uncorrelated to traditional asset classes.
Mark Brennan, Lead Fund Manager of FIIF, said: “We are thrilled to have received the Fund Manager of the Year award in recognition of FIIF’s ongoing success. Being recognised by our industry peers so soon after launching the fund speaks volumes for the success of our investment strategy. The infrastructure and renewables sector has rapidly grown in popularity among investors seeking long-term, stable and uncorrelated returns and we look forward continuing to deliver these outcomes on behalf of our growing client base.”
For more information contact:
Citigate Dewe Rogerson
Patrick Evans / Danae Quek / Patricia DeBidegain
email@example.com |+44 (0)207 638 9571
Ben Thompson, Foresight Group
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NOTES FOR EDITORS
About Foresight Group LLP ("Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has £2.9 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Property Relief (BPR).
About Foresight Group LLP
Foresight is a leading renewables infrastructure investor with over £2 billion of energy infrastructure assets under management. Foresight currently manages more than 140 renewable generation assets globally, with a total generating capacity of 1.6GW.
In Solar, Foresight has invested in over 100 solar plants and has more than 1.1GW of solar generation assets under management around the world.
In Wind, Foresight has more than 165MW of wind generation assets across the UK and Germany.
In Bioenergy, Foresight manages 32 waste projects with 115MW baseload generating capacity, processing over 1.8 million tonnes of waste per annum, having mobilised some £1bn of capital investment. The projects when fully operational will divert some 800,000 tonnes of waste from landfill every year, saving more than c.600,000 tonnes of CO2 emission every year.
In addition, Foresight manages 160MW of Reserve Power assets and two utility scale Battery Storage projects providing 45MW of Enhanced Frequency Response (“EFR”) services to National Grid.
Foresight is headquartered in London with regional offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Madrid and Seoul.
This announcement has been issued and approved by Foresight Group LLP, which is authorised and regulated by the Financial Conduct Authority.
The value of an investment in the Fund, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest. Past performance is not a reliable indicator of future results. Investors must be prepared to accept fluctuations in the capital value of their investment, including possible capital loss and the risks of investing in equity markets. There are a number of other risks connected to an investment in the Fund, including (but not limited to) counterparty risk, liquidity risk and volatility. These risks are explained in the Fund Prospectus. We recommend investors seek professional advice before deciding to invest.