Shares in alternative asset manager HMC Capital surged almost 10 per cent as the David Di Pilla-led platform set out a diversification push into wind farms, data centres and telco towers that will help double funds under management to $20 billion over the next few years.
The strategy could also deliver a more than 20 per cent return on equity.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
