Brett Himbury

Hedge Funds

IFM ups stakes on low-cost alpha

Clients of IFM Investors are to gain access to attractively priced active large-cap equities from mid-2016, after the industry fund-owned fund manager poached a nine-strong active equity team from AMP Capital. Australian long-only active equity, Australian long-short equity and Asian long-short market neutral capabilities will bring IFM closer to a full-service equity offering. Brett Himbury, […]
Hedge Funds

IFM’s largest overseas investment is in bankrupt operator

IFM Investors has acquired the Indiana Toll Road Concession for $7.52 billion (USD5.725 billion), the largest overseas infrastructure deal in IFM’s history. IFM Global Infrastructure Fund has agreed to acquire 100 per cent equity interest in the toll road’s concessionaire and operator, ITR Concession Company (ITRCC), who filed for bankruptcy in September, 2014. The ITRCC […]
Investment Strategy

Small caps pay off for IFM

Investment in small caps has paid off for Industry Funds Management (IFM), reporting outperformance of about 14 per cent in its first year. Chief executive of IFM, Brett Himbury, said its team of four, poached from Macquarie more than 12 months ago, has addressed a gap in small-caps management. “We actually spoke to our clients, […]
Hedge Funds

Funds hungry for infrastructure

Fiscally challenged Australian governments wishing to maintain credit ratings and increase their cost of capital should consider the untapped resource of superannuation funds, said industry funds offering up to $15 billion for investment over 15 years. A range of government-owned infrastructure assets could be monetised to industry funds, argues a new paper released by Industry […]
Investment Strategy

Increasing size enables IFM fee cut

Industry Funds Management (IFM), which oversees $34.7 billion in assets, will permanently lower investment fees for all of its products from September. IFM, Australia’s ninth-largest fund manager by assets, will lower the management expense ratios (MERs) that all of its investors pay as increasing funds under management and positive returns buoy profits and help drive […]