Investment managers: all plans

On recommendation of its asset consultant, GESB employs a diversified group of external investment managers to invest your funds. GESB typically has multiple investment managers in each asset class to mitigate the risk of having a concentrated exposure to a particular investment manager or a particular investment style.

  • Investment Managers
    • How we work with investment managers

      How we work with investment managers

      Investing in Australia and overseas is complex - so we use professional investment managers.

      Our investment managers are companies which specialise in buying, selling and analysing specific types of investments, or asset classes.  

      We decide which assets to buy and sell  

      Our investment managers buy and sell assets on our behalf. For example, our investment managers for Australian Shares work within our risk guidelines to decide which companies to buy and sell Shares in, and then place orders for those Shares.

      We usually have more than one investment manager for each type of asset 

      This approach means we can use the skills of a range of investment managers from around the world without having too much influence from a particular manager or investment style. It allows us to maintain a balance of assets across a range of investment managers, which helps us to achieve our investment goals over the long term.

      Our asset consultant recommends investment managers

      Our asset consultant has an in-depth understanding of investment markets and uses a thorough and detailed process to find the right investment managers. Our asset consultant looks for the investment managers which have defined investment approaches and are most likely to help us achieve long-term returns.

      We regularly review our choice of investment managers. We check their risk and return profiles and check that they meet our expectations.

      For more information see our Investment Governance Statement and asset consultants approach to responsible investing

      The WA State Government plays a role

      Under the State Superannuation Act 2000, the State Treasurer needs to approve:

      • Prudential guidelines for investments that cover the kind of investments that the Board can make
      • How we appoint investment managers
      • The regulations that affect the financial rights and obligations of the Crown

      Learn more about our investment managers

      We’ve listed the investment managers we use for each asset class. Find out more about each investment manager, including an interesting fast fact.

  • Australian Shares
    • Allan Gray

      Allan Gray Australia Pty Ltd

      Fast fact:

      Allan Gray was formerly known as Orbis Investment Management (Australia).

      Mandate:

      To manage an active portfolio of Australian equities.

      Allan Gray Australia Pty Ltd logo

      Allan Gray Australia (Allan Gray) has been investing on behalf of Australian investors through their contrarian investment approach since 2005, as the wider group has done in South Africa since 1973.

      Allan Gray's investment process will generally establish portfolios biased towards both value and small capitalisation stocks. Allan Gray focuses on buying shares at a discount to the underlying intrinsic value of a business. This often happens when businesses are broadly disliked or vilified in the popular press. Being contrarian is a difficult investment discipline, but can also be the most rewarding over the long term.

    • Arnhem

      Arnhem Investment Management

      Fast fact:

      Arnhem can be characterised as having a growth style bias.

      Mandate:

      To manage an active portfolio of Australian equities.

      Arnhem Investment Management logo

      Arnhem Investment Management is a boutique Australian Equity fund manager focused on delivering value through in-depth industry structure analysis and company research. The founding members of the investment team have been managing Australian Equities together since 2000. With over 150 years of combined investment experience, the research team delivers industry-leading expertise.

      Arnhem Investment Management's investment style can be characterised as having a bias towards industries and companies with above average long-term growth prospects. Arnhem's industry approach to investments is based on the understanding that superior long-term equity performance is driven by above-average, sustainable earnings growth. Industry structure and the company's relative position within that industry are critical determinants of that performance. The strategy therefore revolves around identifying companies that have strong positions in structurally attractive, growing industries.

    • BlackRock

      BlackRock Investment Management (Australia) Limited

      Fast fact:

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients.

      Mandate:

      To manage an indexed portfolio of Australian equities.

      BlackRock Investment Management (Australia) Limited logo

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At 31 December 2016, BlackRock's Assets Under Management was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles.

      BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of 31 December 2016, the firm has approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

      BlackRock is committed to becoming the most respected investment and risk manager in the Australian market. They are an integrated asset management business with locally-based investment, risk management, and client service functions. They have three Australian offices - Sydney, Melbourne and Brisbane - accommodating approximately 180 staff, including a 15 strong team dedicated to institutional clients.

    • JCP

      JCP Investment Partners Ltd

      Fast fact:

      JCP Investment Partners is 100% owned by its employees.

      Mandate:

      To manage an active portfolio of Australian equities.

      JCP Investment Partners Ltd logo

      JCP Investment Partners is a specialist, wholesale Australian-focused equities investor. JCP Investment Partners is a research-driven, fundamental growth manager that specialises in managing high conviction, after-tax and risk-customised portfolios for institutional clients.

      The firm was founded in 1998 as a joint venture with JP Morgan Asset Management, but is now 100% owned by its employees, directors and long-term advisers, after acquiring JP Morgan's 50% stake in 2010.

      JCP Investment Partners' strategic commitment is to a large in-house, risk-based research effort, supported with external proprietary research. This commitment is combined with a rigorous investment platform that has been developed over the last 15 years with advice from three of Australia's best finance and strategy academics.

    • Kinetic

      Kinetic Investment Partners

      Fast fact:

      Kinetic is a continuation of the HSBC Australian Small Companies investment team.

      Mandate:

      To manage an active portfolio of Australian small capitalisation equities.

      Kinetic Investment Partners logo

      Founded by Richard Sharp and Jonathan Findlay in 2005, Kinetic Investment Partners (Kinetic) is a boutique investment manager, focusing on the small capitalisation sector of the market. Before establishing Kinetic, Richard and Jonathan worked together at a large international funds management firm.

      Kinetic finds investment opportunities using a disciplined research and valuation process. Kinetic focuses on a company's ability to create shareholder wealth by generating a cash flow return on investment in excess of the firm's cost of capital. 

      Kinetic invests in between 30 and 70 companies that are outside of the S&P/ASX 100, and generally with a market capitalisation of more than $25 million. These companies are referred to as emerging or small companies. The aim of the mandate is to consistently generate excess returns relative to the benchmark on a risk-adjusted basis.

    • Perpetual

      Perpetual Investment Management Limited

      Fast fact:

      Perpetual Investment Management Limited adopts an investment style based on bottom-up fundamental analysis, seeking quality companies with sound management, conservative debt levels, recurring earnings and a quality business.

      Mandate:

      To manage an active portfolio of Australian equities.

      Perpetual Investment Management Limited logo

      Perpetual Investment Management Limited (PIML) is one of Australia's leading investment managers. PIML is part of the Perpetual Group, which has been in operation for more than 125 years. By employing some of the industry's best investment specialists and applying a proven investment philosophy, Perpetual has been able to help generations of Australians manage their wealth.

      With one of Australia's largest, most well-resourced and experienced investment teams, PIML offers investors expertise across four major investment capabilities: Australian Equities; Global Equities; Cash, Credit and Fixed Income; and multi asset strategies. 

      PIML's investment management approach is to make active investment decisions based on intensive analysis of an investment's quality, value and risk. Rather than trying to predict where markets are heading - the investment teams simply try to choose the best quality investments at prices that represent good value, based on their potential risks and returns.

      PIML is also a signatory to the United Nations Principles for Responsible Investment (UNPRI) which means analysts and portfolio managers consider the environmental, social and governance factors that can the affect the quality and value of an investment.

    • Solaris

      Solaris Investment Management Limited

      Fast fact:

      Solaris' empowered analyst model is designed to produce long-term consistent alpha generation with crystal clear performance attribution.

      Mandate:

      To manage an active portfolio of Australian equities.

      Solaris Investment Management Limited logo

      Solaris is a highly experienced, style-neutral Australian Equities funds manager with a tried and tested investment process forged over 2 decades. Servicing a variety of clients, Solaris provides investment management for institutional, family office and platform investors. The business is majority owned by the team and is comprised of 10 experienced investment professionals with an average investment experience of 17 years. Solaris offers core, concentrated, ESG and after-tax strategies to suit specific investor needs and objectives.

      The Solaris investment process identifies stocks with the best expected return, regardless of perceived style. Solaris pick stocks using fundamental analysis to exploit market inefficiencies in forecasts and valuations.  To optimise the conversion of fundamental research into investment portfolios, Solaris empowers their analysts by combining their analytical role with that of portfolio manager.  This combination ensures the portfolio is constructed purely from the ground-up using the knowledge and skill of the people at the analytical 'coal face'.  The analyst is responsible for the stock-picking decision from beginning to end and is held accountable by reference to performance attribution.  This performance attribution then drives their annual remuneration outcomes.  The use of multiple portfolio-manager/analysts also diversifies the decision-making process delivering more consistent outperformance, together with lower key person risk.

    • Tribeca

      Tribeca Investment Partners Pty Ltd

      Fast fact:

      Tribeca's investment process leads them to focus on the higher quality, industrial stocks in the index.

      Mandate:

      To manage an active portfolio of Australian small capitalisation equities.

      Tribeca Investment Partners Pty Ltd logo

      Established in 1998, Tribeca Investment Partners is an Australian-based, boutique fund manager with a reputation for delivering on performance targets. Tribeca's clients are those who actively seek innovation beyond the mainstream. Distinct in its market, Tribeca blends traditional fundamental qualitative research with quantitative analysis, combining quality investment decisions with the insight of successful experience.

      The Small Capitalisation strategy provides exposure to listed Australian companies outside of the top 50 and predominantly outside of the top 100 ASX listed companies by market capitalisation. This strategy seeks to benefit from the concept of information arbitrage and deliberately skews its exposure toward the higher quality companies available within the investible universe.

  • International Shares
    • BlackRock

      BlackRock Investment Management (Australia) Limited

      Fast fact:

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients.

      Mandate:

      To manage indexed portfolios of global and emerging market equities.

      BlackRock Investment Management (Australia) Limited logo

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At 31 December 2016, BlackRock's Assets Under Management was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles.

      BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of 31 December 2016, the firm has approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

      BlackRock is committed to becoming the most respected investment and risk manager in the Australian market. They are an integrated asset management business with locally-based investment, risk management, and client service functions. They have three Australian offices - Sydney, Melbourne and Brisbane - accommodating approximately 180 staff, including a 15 strong team dedicated to institutional clients.

    • C Worldwide

      C Worldwide Asset Management

      Fast fact:

      CAM refers to their global equity investment approach as 'Trend Based Stock Picking'.

      Mandate:

      To manage an active portfolio of global equities.

      C Worldwide Asset Management logo

      C Worldwide Asset Management (CAM) is a Danish-based global equity investment manager, founded in 1986. CAM had assets under management of AUD$18 billion as at 30 September 2016, with the majority of its assets invested in global equities. The firm's objective is to deliver consistent long-term asset growth for clients.

      CAM's unique portfolio management style is based on careful stock picking and long-term global trends. The most distinctive feature of its investment philosophy, which has remained unchanged since the firm's inception in 1986, is its 30 high conviction stock target.

      Its relatively concentrated portfolio ensures a disciplined and focused approach emphasising selectivity. Importantly, a focused portfolio results in a disciplined buy and sell approach based on the 'one-in, one-out' better alternative principle.

      CAM believes that by focusing on the long-term structural environment and selected global themes and trends, coupled with a long holding period when investing, the best risk-adjusted return can be achieved. Finding and investing in a select few good ideas is the key to how the firm adds value over the long term.

    • Causeway Capital

      Causeway Capital Management LLC

      Fast fact:

      All of Causeway's strategies are managed through a fusion of fundamental and quantitative research disciplines.

      Mandate:

      To manage an active portfolio of global equities.

      Causeway logo

      Causeway Capital Management LLC is an employee-owned investment management firm based in Los Angeles, California. Causeway specialise in managing global, international, emerging market and absolute return equities. The firm's mission is to provide clients with superior risk-adjusted returns, while maintaining a culture of responsibility and accountability.

      Causeway believes its fusion of fundamental and quantitative research gives the firm a global knowledge advantage, which it puts to work efficiently for its clients. The firm's value strategies employ a deeply ingrained research culture in which ideas are debated vigorously. This creates an environment that fosters unconventional thinking and innovative insights.

      Causeway's fundamental research team has a 25-year record (including its former firm) of continuity in its principals. This has led to stability of personnel, investment style, clients and intellectual perspective. The firm invests in major equity markets across the globe, spanning the U.S., international, and emerging markets. A comprehensive research department of fundamental and quantitative analysts supports its global equity strategies that are managed by a team of portfolio managers.

    • Copper Rock

      Copper Rock Capital Partners LLC

      Fast fact:

      Copper Rock is a boutique firm specialising in global small and mid capitalisation equity investing.

      Mandate:

      To manage an active portfolio of global small capitalisation equities.

      Copper Rock Capital Partners LLC logo

      Copper Rock Capital Partners LLC (Copper Rock) provides specialised global equity investment management solutions for institutional investors worldwide. Copper Rock has been managing International and Global Small Cap strategies since November 2008. The firm is an affiliate of Old Mutual Asset Management (US) with Copper Rock employees having a 35% ownership stake in the firm. 

      Copper Rock uses quantitative and fundamental analyses to identify companies with superior growth rates. This strategy seeks to outperform the benchmark through superior, bottom-up stock selection. The quantitative process integrates simultaneous inputs from the proprietary quantitative model and, detailed company analysis. In addition, Copper Rock's investment professionals conduct extensive, hands-on fundamental research through meetings with company management which further confirms the investment thesis on each position in the portfolio. This combination of quantitative and fundamental analysis is used to construct a concentrated portfolio of outperforming securities.

    • Genesis

      Genesis Investment Management

      Fast fact:

      Genesis does not construct the portfolio with reference to an index.

      Mandate:

      To manage an active portfolio of emerging market equities.

      Genesis Investment Management logo

      Genesis was established in 1989 as a research-driven organisation with the aim of providing institutional clients with excellent investment returns through a company-focused approach to investment in emerging markets. Genesis prides itself on having developed a strong culture of building and sharing information which is vital to their research intensive process, recognising the value of robust and open intellectual interchange in making decisions. Genesis believes its operational independence and non-hierarchical structure ensures that its creativity and entrepreneurial culture is not stifled by institutional bureaucracy and the business is run by the investment professionals with a focus on generating returns for clients rather than asset gathering.

      Most of the team has over 15 years experience investing in emerging markets and has also had first-hand experience in working in a developing country. The investment team is well supported by experienced client service and operations teams.

    • Mesirow Financial

      Mesirow Financial Investment Management, Inc.

      Fast fact:

      Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.

      Mandate:

      To manage a passive currency hedge over GESB's international equity portfolio.

      Mesirow Financial Investment Management, Inc. logo

      Founded in 1937, Mesirow Financial is a Chicago-based, diversified financial services firm with offices globally. Mesirow Financial is primarily an employee-owned, private company with over 1,100 employees and encompasses three divisions of services:

      • Investment management - multi-product money manager of Risk Management (passive and active Currency Risk Management), Hedge Fund Strategies, Private Equity, Direct Real Estate, Equities and Fixed Income   
      • Global markets - Institutional Sales and Trading, Public Finance, Investment Banking, Credit Tenant Lease Finance, Sale-Leaseback Capital, Single Tenant Properties, Investment Brokerage, and Options Strategies
      • Insurance services - Property and Casualty, Employee Benefits, Private Client Insurance, Life and Disability, and Structured Settlements 

      Mesirow Financial delivers a full range of currency risk applications, both passive and active, tailored to their client's specific context and objectives. With over A$90 billion in Currency Risk Assets under Management, Mesirow Financial has the expertise to provide objective, strategic advice and implement effective, best practice currency risk solutions for their global clients.

    • Schroders

      Schroder Investment Management Limited (Schroders)

      Fast fact:

      Schroders is a quantitative value and quality style manager.

      Mandate:

      To manage an active portfolio of global equities.

      Schroder Investment Management Limited (Schroders) logo

      Schroders plc is one of the largest and most internationally diverse, independent investment managers providing investment management, research and marketing services from 37 offices located in 27 countries. Schroders only focuses on asset management and therefore its goals are completely aligned with those of its clients - ie the creation of long-term value. Schroders manages funds on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of asset classes across equities, fixed interest, multi-asset and alternatives.

      Over 3,100 people are employed worldwide, operating from offices in different countries across Europe, the Americas, Asia Pacific and the Middle East, close to the markets in which it invests and close to its clients. Schroders' team of 429 investment professionals are based in 18 of our offices around the globe contributing local knowledge and investment ideas to our global research network. This means Schroders can identify investment potential wherever it is located.

      In Australia, Schroders is a wholly owned subsidiary of Schroders plc. Established in 1961, Schroders Australian business manages funds across a broad range of asset classes.

  • Private Equity
    • Mesirow Financial

      Mesirow Financial Investment Management, Inc.

      Fast fact:

      Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.

      Mandate:

      To manage a passive currency hedge over GESB's private equity portfolio.

      Mesirow Financial Investment Management, Inc. logo

      Founded in 1937, Mesirow Financial is a Chicago-based, diversified financial services firm with offices globally. Mesirow Financial is primarily an employee-owned, private company with over 1,100 employees and encompasses three divisions of services:

      • Investment management - multi-product money manager of Risk Management (passive and active Currency Risk Management), Hedge Fund Strategies, Private Equity, Direct Real Estate, Equities and Fixed Income   
      • Global markets - Institutional Sales and Trading, Public Finance, Investment Banking, Credit Tenant Lease Finance, Sale-Leaseback Capital, Single Tenant Properties, Investment Brokerage, and Options Strategies
      • Insurance services - Property and Casualty, Employee Benefits, Private Client Insurance, Life and Disability, and Structured Settlements 

      Mesirow Financial delivers a full range of currency risk applications, both passive and active, tailored to their client's specific context and objectives. With over A$90 billion in Currency Risk Assets under Management, Mesirow Financial has the expertise to provide objective, strategic advice and implement effective, best practice currency risk solutions for their global clients.

    • StepStone Group

      StepStone Group, LP

      Fast fact:

      The firm covers the global private markets across multiple sectors and operates from 12 offices in eight countries.

      Mandate:

      To manage a global private equity portfolio.

      StepStone Group, LP

      StepStone is a global private markets firm overseeing more than US$96 billion of private capital allocations, including approximately US$24 billion of assets under management.

      The firm provides comprehensive coverage of the private markets, including private equity, private debt, real estate, infrastructure and real assets. It is a fully-integrated organisation that engages in primary, co-investment, secondary, and monitoring and reporting activities across each of these areas.

      StepStone specialises in providing bespoke private markets investment management and advisory services to institutional clients using industry-leading analytics and research capabilities.

      The firm is managed by 30 partners who are supported by over 175 professionals across offices in Perth, Beijing, Hong Kong, La Jolla, London, New York, San Francisco, São Paulo, Seoul, Sydney, Tokyo and Toronto. With offices staffed by local investment professionals, StepStone uses a local approach in each of the markets in which it operates globally.

  • Property
    • BlackRock

      BlackRock Investment Management (Australia) Limited

      Fast fact:

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients.

      Mandate:

      To manage an indexed portfolio of global listed property securities.

      BlackRock Investment Management (Australia) Limited logo

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At 31 December 2016, BlackRock's Assets Under Management was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles.

      BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of 31 December 2016, the firm has approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

      BlackRock is committed to becoming the most respected investment and risk manager in the Australian market. They are an integrated asset management business with locally-based investment, risk management, and client service functions. They have three Australian offices - Sydney, Melbourne and Brisbane - accommodating approximately 180 staff, including a 15 strong team dedicated to institutional clients.

    • Mesirow Financial

      Mesirow Financial Investment Management, Inc.

      Fast fact:

      Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.

      Mandate:

      To manage a passive currency hedge over GESB's Property portfolio.

      Mesirow Financial Investment Management, Inc. logo

      Founded in 1937, Mesirow Financial is a Chicago-based, diversified financial services firm with offices globally. Mesirow Financial is primarily an employee-owned, private company with over 1,100 employees and encompasses three divisions of services:

      • Investment management - multi-product money manager of Risk Management (passive and active Currency Risk Management), Hedge Fund Strategies, Private Equity, Direct Real Estate, Equities and Fixed Income   
      • Global markets - Institutional Sales and Trading, Public Finance, Investment Banking, Credit Tenant Lease Finance, Sale-Leaseback Capital, Single Tenant Properties, Investment Brokerage, and Options Strategies
      • Insurance services - Property and Casualty, Employee Benefits, Private Client Insurance, Life and Disability, and Structured Settlements 

      Mesirow Financial delivers a full range of currency risk applications, both passive and active, tailored to their client's specific context and objectives. With over A$90 billion in Currency Risk Assets under Management, Mesirow Financial has the expertise to provide objective, strategic advice and implement effective, best practice currency risk solutions for their global clients.

    • Morgan Stanley

      Morgan Stanley Investment Management (Australia) Pty Limited

      Fast fact:

      Morgan Stanley Investment Management actively manage capital across public and private markets worldwide, working to create alpha for its portfolios and results for its clients.

      Mandate:

      To manage a diversified portfolio of global listed property securities.

      Morgan Stanley Investment Management logo

      Morgan Stanley Investment Management actively manage capital across public and private markets worldwide, working to create alpha for its portfolios and results for its clients.

      Morgan's long-tenured professionals aim to provide unique market insights, single-sector and multi-asset strategies, and custom solutions. With more than four decades of asset management experience, the firm's investment strategies span the risk/return spectrum across geographies, investment styles and asset classes, including equity, fixed income, liquidity, alternatives and private markets.

      Each of Morgan's investment teams has a unique talent pool of experienced professionals who share the same core values of fiduciary responsibility and commitment to investment excellence that have been the hallmarks of Morgan Stanley Investment Management since its establishment.

    • Resolution Capital

      Resolution Capital Limited

      Fast fact:

      Resolution Capital adopts a multi-portfolio manager approach for its portfolio construction.

      Mandate:

      To manage a diversified portfolio of global listed property securities.

      Resolution Capital logo

      Resolution Capital Limited is a specialist global real estate securities manager with a successful long-term investment track record and strong culture of fiduciary responsibility.

      Resolution Capital, established in 2004, is headquartered in Sydney, Australia and maintains an office in New York. It believes that listed real estate is an excellent means of gaining exposure to the underlying returns of some of the world's highest quality real estate assets in a simple, transparent, liquid and tax-efficient form.

      Resolution Capital is a value-oriented investment manager with the objective of delivering superior risk-adjusted long-term returns, compared with recognised industry benchmarks. The firm achieves this by investing in a concentrated portfolio of carefully selected listed real estate securities, with an emphasis on avoiding fundamental flaws that could reasonably result in permanent impairment of the underlying investments. This aligns the firm's investment process and security selection with clients' objectives of long-term real wealth creation and avoids a culture of index hugging.

  • Infrastructure
    • Mesirow Financial

      Mesirow Financial Investment Management, Inc.

      Fast fact:

      Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.

      Mandate:

      To manage a passive currency hedge over GESB's infrastructure portfolio.

      Mesirow Financial Investment Management, Inc. logo

      Founded in 1937, Mesirow Financial is a Chicago-based, diversified financial services firm with offices globally. Mesirow Financial is primarily an employee-owned, private company with over 1,100 employees and encompasses three divisions of services:

      • Investment management - multi-product money manager of Risk Management (passive and active Currency Risk Management), Hedge Fund Strategies, Private Equity, Direct Real Estate, Equities and Fixed Income   
      • Global markets - Institutional Sales and Trading, Public Finance, Investment Banking, Credit Tenant Lease Finance, Sale-Leaseback Capital, Single Tenant Properties, Investment Brokerage, and Options Strategies
      • Insurance services - Property and Casualty, Employee Benefits, Private Client Insurance, Life and Disability, and Structured Settlements 

      Mesirow Financial delivers a full range of currency risk applications, both passive and active, tailored to their client's specific context and objectives. With over A$90 billion in Currency Risk Assets under Management, Mesirow Financial has the expertise to provide objective, strategic advice and implement effective, best practice currency risk solutions for their global clients.

    • RARE

      RARE Infrastructure Limited

      Fast fact:

      RARE is an infrastructure specialist, managing funds. They are not fund managers managing infrastructure.

      Mandate:

      To manage an active portfolio of globally-listed infrastructure securities.

      RARE Infrastructure Limited logo

      Founded in 2006, Risk Adjusted Returns to Equity (RARE) is a specialist investment manager, focused exclusively on globally listed infrastructure. This infrastructure include assets such as airports, rail, roads, electricity, and gas lines, which are all services needed by local and national economies to function and prosper.

      Within a portfolio, globally listed infrastructure offers the potential for lower volatility, stable cash flow, inflation protection and diversification.

      RARE's mission is to provide investors with portfolios of high-quality global infrastructure assets with the goal of delivering strong absolute returns over an investment cycle.

      RARE's investment approach is reflected in their name - Risk Adjusted Returns to Equity (RARE). Understanding and managing the relationship between risk and return is at the heart of their bottom-up investment process.

      RARE has developed a solid track record as the largest listed infrastructure manager globally with offices in Sydney, Melbourne, London and Chicago. Clients include government, corporate and industry pension funds, sovereign wealth funds and other large institutional investors as well as retail funds in Australia, UK, US, and Canada.

      In 2009 RARE became a signatory of the U.N. Principles for Responsible Investment. Legg Mason Asset Management acquired 75% of RARE in 2015 with Pacific Current Group having a 10% equity interest and staff owning the remaining 15%.

  • Medium Risk Alternatives
    • Bain Capital

      Bain Capital Credit, LP

      Fast fact:

      Bain Capital Credit is a specialist sub-investment grade credit manager.

      Mandate:

      To manage an active portfolio of sub-investment grade credit securities.

      Bain Capital Credit, LP logo

      Bain Capital Credit is an independently managed affiliate of Bain Capital, a leading global credit specialist. Their global investment team focusses on identifying the most attractive credit opportunities in North America, Europe and Asia Pacific and invest across the full spectrum of credit strategies. This includes leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans (NPLs) and equities.

      The cornerstone of their investment philosophy, is to generate attractive risk-adjusted returns for investors through rigorous due diligence at the industry, company and individual security level. Bain Capital Credit seeks to maximise expected, not potential, returns. They achieve this through fundamentally driven, bottom-up security selection that leverages the depth and experience of their investment team.

      Bain Capital Credit partners with institutions from around the world, ranging from pension funds to endowments and foundations to sovereign wealth funds. Bain Capital Credit has built a long-standing relationship with investors since their inception in 1999. Their focus is on transparency and best-in-class service to all of their investors.

    • BlackRock

      BlackRock Investment Management (Australia) Limited

      Fast fact:

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients.

      Mandate:

      To manage a multi-strategy absolute return fund.

      BlackRock Investment Management (Australia) Limited logo

      BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At 31 December 2016, BlackRock's Assets Under Management was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles.

      BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of 31 December 2016, the firm has approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

      BlackRock is committed to becoming the most respected investment and risk manager in the Australian market. They are an integrated asset management business with locally-based investment, risk management, and client service functions. They have three Australian offices - Sydney, Melbourne and Brisbane - accommodating approximately 180 staff, including a 15 strong team dedicated to institutional clients.

    • Schroder

      Schroder Investment Management Australia Limited (Schroders)

      Fast fact:

      Schroders specialise in asset management.

      Mandate:

      To manage a diversified portfolio of securities and asset classes with an inflation plus five percent return objective.

      Schroder Investment Management Limited (Schroders) logo

      Schroders plc is one of the largest and most internationally diverse, independent investment managers providing investment management, research and marketing services from 37 offices located in 27 countries. Schroders only focuses on asset management and therefore its goals are completely aligned with those of its clients - ie the creation of long-term value. Schroders manages funds on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of asset classes across equities, fixed interest, multi-asset and alternatives.

      Over 3,100 people are employed worldwide, operating from offices in different countries across Europe, the Americas, Asia Pacific and the Middle East, close to the markets in which it invests and close to its clients. Schroders' team of 429 investment professionals are based in 18 of our offices around the globe contributing local knowledge and investment ideas to our global research network. This means Schroders can identify investment potential wherever it is located.

      In Australia, Schroders is a wholly owned subsidiary of Schroders plc. Established in 1961, Schroders Australian business manages funds across a broad range of asset classes.

  • Investment Grade Bonds
    • AMP Capital

      AMP Capital Investors Ltd

      Fast fact:

      The AMP Capital's Global Fixed Income team's research process is founded on quantitative tools which are augmented by qualitative assessments.

      Mandate:

      To manage an active portfolio of Australian investment grade government bonds and credit securities.

      AMP Capital  Investors Ltd (AMP Capital) is one of Australia's largest investment managers who specialise in fixed interest, equities and multi-asset solutions, together with a distinguished heritage and strength in real estate and infrastructure. The company's expertise across asset classes means clients benefit from deeper investment insights and a focus on delivering strong investment outcomes. AMP Capital shares a 160-year heritage with AMP Group, one of Australia's largest insurance and investment providers.

      AMP Capital's Global Fixed Income team identifies investment opportunities based on valuations and manages risk through a process combining interest rate and credit-specific research. The team's interest rate process combines a robust quantitative framework with qualitative market analysis to develop strategies in duration, curve and international interest rate spreads. The market analysis includes fundamental macroeconomic research, flow analysis (patterns of buying and selling), market positioning, valuation and price momentum. The team's credit investment style combines a top-down approach with bottom-up credit analysis. Top-down macro credit research focuses on global credit spreads in key credit sectors, while bottom-up research is focused on a global industry basis. The team identifies where credit markets are positioned within the credit cycle, and focuses on industries that are likely to outperform their peers on a risk-adjusted basis.

    • Franklin Templeton

      Franklin Templeton Investments Australia Limited

      Fast fact:

      Franklin Templeton Investments is one of the world's largest asset management groups.

      Mandate:

      To manage an active portfolio of investment grade global government bonds and credit securities.

      Franklin Templeton Investments Australia Limited logo

      Franklin Templeton Investments Australia Limited is a wholly owned subsidiary of Franklin Resources, Inc., one of the world's largest asset management groups. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The Californian-based company has more than 65 years of investment experience, with over 8,600 employees serving investors in more than 150 countries.

      The Franklin Equity Group has a perspective grounded in over 65 years of investment experience. The group offers investors a range of investment options, managed by experienced teams and based on bottom-up security selection, integrated and disciplined risk management, and an unwavering commitment to solid long-term returns.

    • Macquarie

      Macquarie Investment Management Limited

      Fast fact:

      Macquarie is one of the largest fixed interest managers in the Australian market.

      Mandate:

      To manage an active portfolio of Australian investment grade government bonds and credit securities.

      Macquarie Investment Management Limited logo

      Macquarie Group Limited,  a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie Group Limited employs more than 13,600 people in over 28 countries. Macquarie Funds Group (MFG) is the funds management arm of Macquarie Group Limited and is Australia's largest global asset manager and a top 50 asset manager worldwide. MFG includes Macquarie Investment Management Limited (Macquarie), the securities asset management business.

      Macquarie offers securities investment management capabilities across a number of asset classes including fixed interest, currencies, equities, infrastructure securities, private markets, hedge funds and multi-asset allocation solutions. It delivers a full-service offering to both institutional and retail clients in the US and Australia, with selective offerings in other regions.

    • Wellington

      Wellington Management Company, LLP

      Fast fact:

      Wellington is one of the world's largest independent investment management firms.

      Mandate:

      To manage an active portfolio of investment grade global government bonds and credit securities.

      Wellington Management Company, LLP logo

      Tracing its roots to 1928, Wellington Management Company, LLP (Wellington) is one of the world's largest independent investment management firms. Wellington serves as a trusted adviser to more than 2,100 institutional clients and mutual fund sponsors in over 50 countries. Its innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed interest, multi-asset, and alternative strategies.

      As a private partnership whose sole business is investment management, Wellington's long-term views and interests are aligned with those of its clients. Wellington's commitment to investment excellence is evidenced by its significant presence and long-term track records in nearly all sectors of the liquid, global securities markets.

  • Defense Alternatives
    • Kapstream

      Kapstream Capital Pty Ltd (Kapstream)

      Fast fact:

      Kapstream's founders previously worked for PIMCO Australia.

      Mandate:

      To manage an absolute return portfolio of investment grade fixed income securities.

      Kapstream Capital Pty Ltd (Kapstream) logo

      Kapstream Capital, founded in 2006 focuses on absolute return/cash plus strategies within the global fixed interest space. Kapstream aims to provide clients with customised solutions while targeting capital protection, diversification, high levels of liquidity and low levels of volatility. In managing absolute return strategies in the global fixed interest space, Kapstream is able to maximise investment returns for clients. The capacity to move in and out of specific sectors and countries within the fixed interest universe, permits Kapstream to seek areas that are priced for greater return potential.

      This strategy entails a profile that is different relative to most traditional bond fund managers, however the Kapstream portfolio is expected to serve as a complement to bond portfolios by providing consistent returns over all business cycles. Additionally, Kapstream's investment approach will have a broader investment universe than most fixed interest funds in Australia, offering a product with a comprehensive global focus.

    • PIMCO

      PIMCO Australia Pty Ltd (PIMCO)

      Fast fact:

      PIMCO utilises both a top-down and bottom-up investment process.

      Mandate:

      To actively manage a portfolio of global credit securities.

      PIMCO Australia Pty Ltd (PIMCO) logo

      PIMCO is a leading global investment management firm, with offices in 12 countries throughout the Americas, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs.

      For four decades, PIMCO has managed the retirement and investment assets for a wide range of investors, including public and private pension and retirement plans, educational institutions, foundations, endowments, corporations, financial advisers, individuals and others around the globe. The firm's goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

    • QIC

      QIC Limited

      Fast fact:

      QIC is a Queensland government-owned corporation.

      Mandate:

      To manage an active portfolio of investment grade fixed interest, credit and inflation-linked securities..

      QIC Limited logo

      QIC Limited (QIC) was created in 1991 by the Queensland government to serve its long-term investment responsibilities. QIC prides itself on having the heritage and insight to understand client needs, priorities and objectives.

      QIC currently manages investments for around 90 like-minded institutional investors in Australia and internationally. QIC has the capabilities relevant for today's investment landscape and its staff are bound by a common philosophy - to deliver outcomes. Spanning infrastructure, real estate, fixed interest, private equity, Australian small companies and multi-asset solutions, QIC adapts its approach to suit the investor and the investment context.

      The QIC Inflation Plus strategy provides a dynamic approach to inflation protection, through the active management of interest rate and inflation exposures. Portfolio positions are continually refined to reflect current market conditions and to take advantage of opportunities. This strategy targets returns above Australian CPI, with significantly less volatility than traditional Inflation Linked Bond funds.

  • Cash
    • Colonial First State

      Colonial First State Global Asset Management

      Fast fact:

      CFSGAM is the consolidated asset management division of the Commonwealth Bank of Australia.

      Mandate:

      To manage cash and bank term deposit portfolios.

      Colonial First State Global Asset Management logo

      Colonial First State Global Asset Management (CFSGAM, known as First State Investments outside of Australia) is the consolidated asset management division of the Commonwealth Bank of Australia. CFSGAM is a global asset management business with experience across a range of asset classes and specialist investment sectors. CFSGAM is one of the largest managers of Australian sourced funds, with a growing presence in international markets. CFSGAM and First State Investments collectively manage funds on behalf of institutional investors, pension funds, wholesale distributors and platforms, financial planners and their clients worldwide.

      CFSGAM is a world-class asset management business with a global footprint with offices located in Sydney, Melbourne, London, New York, Paris, Frankfurt, Edinburgh, Hong Kong, Singapore, Tokyo, Jakarta and Auckland; and represented in Beijing and Shenzhen through the First State Cinda joint venture.

      CFSGAM employs teams of investors who are specialists in their respective fields and set their own investment style. Their incentive structures are directly aligned with the results they deliver for clients. CFSGAM's investment teams are structured so managers and analysts are given a strong sense of portfolio ownership. They believe this promotes commitment and intellectual engagement, aligning their interests and success with those of their clients.

    • Macquarie

      Macquarie Investment Management Limited

      Fast fact:

      Macquarie has managed GESB's cash portfolio since 1992.

      Mandate:

      To manage a portfolio of Australian cash securities.

      Macquarie Investment Management Limited logo

      Macquarie Group Limited,  a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie Group Limited employs more than 13,600 people in over 28 countries. Macquarie Funds Group (MFG) is the funds management arm of Macquarie Group Limited and is Australia's largest global asset manager and a top 50 asset manager worldwide. MFG includes Macquarie Investment Management Limited (Macquarie), the securities asset management business.

      Macquarie offers securities investment management capabilities across a number of asset classes including fixed interest, currencies, equities, infrastructure securities, private markets, hedge funds and multi-asset allocation solutions. It delivers a full-service offering to both institutional and retail clients in the US and Australia, with selective offerings in other regions.

Page last updated 20 June 2017