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 30 June 2020 below.

ASSET CLASS

MANAGER

Equities

Australian equities
  • Macquarie Investment Management
  • UBS
Developed market equities
  • Blackstone Alternative Asset Management
  • BlackRock Alternative Advisors
  • Insight Investment Management
  • Man GLG
  • State Street Global Advisors
  • UBS
Emerging market equities
  • Insight Investment Management
  • State Street Global Advisors
  • UBS

Private equity

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

Property

Unlisted
  • Altarea Cogedim
  • Berkshire Property Advisors
  • BlackRock
  • Brookfield Asset Management
  • Columbia Pacific Advisors
  • 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
  • Vicinity Centres
Listed
  • State Street Global Advisors

Infrastructure & Timberland

Unlisted
  • AMP Capital Investors
  • Campbell Global
  • Corsair Infrastructure Management
  • Global Infrastructure Partners
  • HRL Morrison & Co
  • Morgan Stanley Infrastructure
  • Oaktree Capital Management
  • Starwood Energy
  • QIC Global Infrastructure
Listed
  • DWS
  • State Street Global Advisors

Debt

High grade debt
  • First Sentier Investors
  • 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
  • Glen Point Capital
  • Hayfin Asset Management
  • Lazard Asset Management
  • Oak Hill Advisors
  • Oaktree Capital Management
  • PAG Holdings Limited
  • Quadrant Real Estate Advisors
  • Westbourne Credit Management Limited
Distressed and event driven
  • Bain Capital Credit
  • Centerbridge Partners L.P
  • Oak Hill Advisors
  • Oaktree Capital Management

Alternatives

Multi-strategy/relative value
  • Citadel Advisors
  • Dymon Asia Capital
  • Schonfeld Strategic Advisors
  • Wellington Investment Management
Macro-directional
  • Athanor Capital L.P.
  • BlackRock Alternative Advisors
  • Bridgewater Associates, Inc
  • Citadel Advisors
  • Clocktower Group L.P.
  • Glen Point Capital
  • GMO Australia
  • Ionic Capital Management
  • Key Square Capital Management LLC
  • MAN AHL Partners LLP
  • Pendal Group
  • Wellington Investment Management
Alternative risk premia
  • Atom Investors L.P.
  • Elementum Advisors
  • Hiscox Re Insurance Linked Strategies Ltd
  • MAN FRM
  • Wellington Investment Management

 Overlays

Overlay strategies
  • Ashmore Investment Management Limited
  • Insight Investment Management (Global)
  • Legal & General Investment Management Limited
  • Maquarie Investment Management
  • PIMCO Australia
  • State Street Global Advisors Limited
  • UBS Securities Australia Limited

Cash

 Cash
  • First Sentier Investors
  • Macquarie Investment Management
  • PIMCO Australia