(Source: Business Wire)FAF Advisors announced today that it has officially assumed management of Russell Investments' new $99 million Russell Global Listed Infrastructure Fund -- $A Hedged (the fund) for institutional and retail investors in Australia. Russell selected FAF Advisors as the manager of the fund because FAF Advisors' global-infrastructure strategy "represents a strong core on which to build the fund, offering a broad, highly diversified portfolio and benchmark-aware style," according to a Russell profile of FAF Advisors.

The new fund is part of Russell's continuing commitment to alternative investment opportunities and is the first in a suite of new alternative investments that will become available to retail and institutional investors through the Russell Diversified Funds over the coming months. According to Russell, "Global listed infrastructure is currently a very attractive opportunity for investors wanting to diversify a multi-asset portfolio and seeking stable income from tangible or ˜real' assets."

About FAF Advisors' Global Infrastructure Strategy

FAF Advisors is a pioneer in the listed global-infrastructure arena, offering a Global Infrastructure strategy for institutional investors since 2007 and launching one of the first publicly available global-infrastructure mutual funds in the United States for individual investors in 2008.

FAF Advisors' Global Infrastructure strategy seeks to provide long-term growth of capital and income by investing in equity securities issued by U.S. and non-U.S. global infrastructure companies. The strategy's investment process focuses on selecting companies that primarily own and operate tangible assets offering steady, predictable cash flows with limited ongoing capital expenditures. The portfolio's diverse sector exposure and weightings clearly demonstrate the unique approach and commitment to a well-diversified portfolio that captures the investment benefits of the infrastructure asset class. The strategy utilizes a relative-value model to identify the best opportunities within each sector. In addition, the strategy invests in companies with a low correlation to global GDP growth, thereby offering greater potential diversification benefits.

"We use a differentiated investment strategy to create a diversified portfolio of global infrastructure stocks that may help investors gain exposure to predictable and growing cash-flow streams through investments in companies that may not be in their portfolios today," said portfolio manager Jay Rosenberg.