Greg Smith to lead new infrastructure firm InstarAGF Asset Management
Canadian investment management firm AGF Management Ltd and Instar Group Inc have launched InstarAGF Asset Management, a new Toronto-based joint venture that will provide global institutional investors with access to infrastructure investment opportunities. The firm will be led by Gregory Smith, president and CEO of Instar, and formerly managing partner of Brookfield Financial's Global Infrastructure Advisory Group. Smith was also previously president of Macquarie Capital Funds Canada Ltd, where he was responsible for Macquarie's unlisted and listed Canadian funds business along with the active management of Macquarie's Canadian assets owned by off-shore funds. AGF said it will be an active shareholder in the new venture, providing a range of operational services, working capital, and seed capital investment.
