The US Solar Fund is planning to expand its investment mandate at the group’s annual general meeting later this month, after completely abandoning plans of a sale.
In a circular published today (31 October) the board detailed its proposed changes to the existing investment policy, which, if approved, would come into effect once Amber Infrastructure Group is confirmed as its new investment manager. Amber is a specialist international infrastructure investment manager and was named the favourite to take over the position back in summer, following the group's failed sale attempt. The amendments to the strategy include allowing investment into "development stage assets" which the board said would allow for "greater diversification" and enable "futur...
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