roads

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

AMP Capital has the luck of the Irish

AMP Capital will seek to raise 1 billion euros to invest in Irish infrastructure and has hired David Rees to co-head asset management at its London-based European direct infrastructure investment team. Rees, who worked at network energy company National Grid, will have joint responsibility for European infrastructure asset management with Rob Verrion. Both men report […]
Investment Strategy

IFM wins $500 million mandate

Industry Funds Management has won a US$500 million mandate from the California State Teachers’ Retirement System, the second-largest pension fund in the U.S. IFM says US$300 million will be invested immediately and US$200 million will be invested in the next 18 months in regulated utilities, transport and other “cash-yielding, inflation-hedged infrastructure investments” in Australia, Europe […]
Investment Strategy

IFM, Colonial First State take different roads, ports

Industry Funds Management says it is a long-term investor. Very long-term in a business where long-term is considered by many asset managers to be five years. “We have an investment horizon of 50 to 60 years,” says Kyle Mangini, IFM’s global head of infrastructure, who moved to Australia in 1991 after graduating from Wesleyan University […]