Industry Funds Management (IFM)

Hedge Funds

Infrastructure needs super

A cap on both fund manager fees and investor returns is the key to overcoming state government caution on infrastructure deals, according to Garry Weaven of Industry Funds Management (IFM). Speaking to investors at an Australian Institute of Superannuation Trustees event in Sydney, Weaven outlined a proposal in which a fund manager, such as IFM, […]
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 […]

Cbus doubles investment team

Cbus has appointed Grant Harrison as investment manager of private markets in its move to boost inhouse investment resources. Kristian Fok, executive manager of investment strategy, says the fund is likely to finalise four more appointments in the next few weeks, expanding the analyst team. The additions follow an injection of 15 new staff, the […]
Investment Strategy

IFM beefs up risk management, debt team

Funds manager and infrastructure investor Industry Funds Management (IFM) has announced a partnership with the Asset Management Council (AMC) that it says will enhance its risk practices. IFM’s investment director for infrastructure, Danny Elia, will joint the AMC board under the new arrangement, which will run for the next five years. “Best-practice asset management is […]
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 […]
Hedge Funds

Global Dialogue spurs pension-fund collaboration

Geoff Mellor, chief executive of the £20-billion UK fund Coal Pension Trustees (CPT), used his opening words to ask why the audience of Australian superannuation bosses were still in the room. “Do you feel that travelling half-way around the world, sitting in a conference venue and listening to serial speakers is a better use of your time than […]
Investment Strategy

IFM: Infrastructure-debt opportunities abound

Attractive spreads of more than 300 basis points above the bank-bill swap rate have seen increasing interest from investors in infrastructure debt, according to Industry Funds Management’s (IFM) head of debt investment, Robin Miller. Miller’s team recently finalised a $90-million debt investment in a senior secured-debt facility to refinance the debt of ConnectEast, owner and […]