We use external investment managers to execute investment strategies on our behalf.

We employ a relatively small number of external managers. These managers have a detailed understanding of our investment strategy and seek the best investment opportunities around the globe to achieve the mandate for each of our funds.

Our investment manager selection process is designed to deliver a high quality initial selection decision, and to ensure that the portfolio construction does not lead to excessive concentration of manager risk in any one investment manager. We also undertake regular reviews of our managers.

A list of our investment managers as at 31 December 2016 below.

ASSET CLASS

MANAGER

Equities

Australian Equities
  • Henderson Global Investors (Australia) 
  • JCP Investment Partners
  • Macquarie Investment Management
Developed market equities
  • Blackstone Alternative Asset Management
  • Massachusetts Financial Services
  • Schroder Investment Management Australia
  • State Street Global Advisors
Emerging market equities
  • Mondrian Investment Partners
  • Schroder Investment Management Australia
  • State Street Global Advisors
  • Trilogy Global Advisors

Private equity

Buy out
  • Advent International Corporation
  • Apax Partners
  • American Industrial Partners
  • Archer Capital
  • Bain Capital
  • Berkshire Partners
  • Charterhouse Capital Partners
  • GI Partners
  • Hellman & Friedman
  • Quadrant Private Equity
  • RCP Advisors
  • Southern Cross Management
  • Vitruvian Partners
Venture and growth
  • Adams Street Partners
  • Bessemer Venture Partners
  • CDH Investments
  • Columbia Capital
  • FountainVest Partners
  • Greenspring Associates
  • Hillhouse Capital
  • Horsley Bridge Partners
  • Insight Venture Partners
  • Lightspeed Venture Partners
  • New Enterprise Associates
  • Playground Global
  • Quilvest
  • Xiang He
Special opportunities
  • Adams Street Partners
  • HarbourVest Partners
  • Oaktree Capital Management
  • TowerBrook Capital Partners

Property

Unlisted
  • Altarea Cogedim
  • Berkshire Property Advisors
  • BlackRock
  • Brookfield Asset Management
  • CorVal Partners
  • DEXUS Funds Management
  • Garrison Investment Group LP
  • Harbert Management Corporation
  • Hillwood Investment Properties
  • ICAMAP Advisory
  • Lend Lease Investment Management
  • Morgan Stanley Real Estate Investing
  • PEET Limited
  • The Townsend Group
  • TIAA-CREF/TIAA Henderson Real Estate
  • Vicinity Centres
Listed
  • CBRE Clarion Real Estate Securities

Infrastructure & Timberland

Unlisted
  • AMP Capital Investors
  • Campbell Global
  • Corsair Infrastructure Management
  • Global Infrastructure Partners
  • HRL Morrison
  • Morgan Stanley Infrastructure
  • Oaktree Capital Management
  • Starwood Energy
  • QIC
Listed
  • Deutsche Asset & Wealth Management

Debt

High grade debt
  • Colonial First State Global Asset Management
  • Goldman Sachs Asset Management
  • M&G Investment Management Limited
  • Macquarie Investment Management
  • PIMCO Australia
High yield debt
  • Ares Management
  • Bain Capital Credit
  • BlackRock Investment Management
  • Haymarket Financial
  • Lazard Asset Management
  • Oak Hill Advisors
  • Oaktree Capital Management
  • Pacific Alliance Investment Management Limited
  • Quadrant Real Estate Advisors
  • Westbourne Credit Management Limited
Distressed and event driven
  • Centerbridge Partners L.P
  • Oaktree Capital Management
  • Bain Capital Credit

Alternatives

Multi-strategy/relative value
  • Arrowgrass Capital Partners
  • BlackRock Alternative Advisors
  • Citadel Advisors
  • Pacific Alliance Investment Management Limited
  • Wellington Management
Macro-directional
  • AHL Partners
  • BlackRock Alternative Advisors
  • Brevan Howard Asset Management
  • Bridgewater Associates
  • BT Investment Management
  • Citadel Advisors
  • Civic Capitial
  • Drobny Capital
  • Glen Point Capital
  • GMO Australia
  • Ionic Capital Management
  • QMS Capital Management
Alternative Risk Premia
  • Elementum Advisors
  • FRM Investment Management
  • Hiscox Re Insurance Linked Strategies Ltd
  • SouthPeak Investment Management
Overlay strategies
  • Ashmore Investment Management Limited
  • Insight Investment Management (Global)
  • Macquarie Investment Management
  • PIMCO Australia
  • State Street Global Advisors Limited
  • UBS Securities Australia Limited
Cash
  • Colonial First State Global Asset Management
  • Macquarie Investment Management
  • PIMCO Australia