Andrew Day

Investment Strategy

Hastings staff to “interact” more with clients

Suzanne Pence, director of business development at Hastings Funds Management, will leave in August as the company’s investment staff is tasked with more client contact. Pence joined the Sydney office of Hastings, which manages $7.7 billion in infrastructure assets from its Melbourne headquarters, in July 2010. Her exit comes as the company hires Graham Durant […]
Investment Strategy

Hastings overseas boosted by $1bn from RBS

Hastings Funds Management, the Melbourne-based infrastructure asset manager, has expanded its offshore business by gaining a $1.14-billion mandate from the RBS Group Pension Fund. The London-based RBS fund, which oversees about $26 billion in staff retirement savings, chose Hastings to manage infrastructure debt or equity assets in the UK and Europe for its investment portfolio. […]
Investment Strategy

Hastings Funds CEO Day pushes culture change

Last month Andrew Day, chief executive of Hastings Funds Management, brought most of his 100 colleagues, who work as far afield as London and San Antonio, Texas, to Melbourne to think about the infrastructure investor’s goals. For two days Hastings staff discussed how to transform the $6.5-billion fund manager into a more international company. “As […]
Investment Strategy

Hastings is bullish on debt, infrastructure

The executive director of alternative debt at $6.7 billion Hastings Funds Management expects the Australian debt market to no longer be the purview of the country’s banks. Steve Rankine reckons the local bond market will open up to a broader investor base. He says higher equity levels demanded by the Bank of International Settlements will […]