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 September 2021 below.

ASSET CLASS

MANAGER

Equities

Australian equities
  • Macquarie Investment Management
  • UBS Securities Australia
Developed market equities
  • Insight Investment Management
  • State Street Global Advisors
  • UBS Securities Australia
Emerging market equities
  • Insight Investment Management
  • State Street Global Advisors
  • UBS Securities Australia
  • Robeco Institutional Asset Management

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
  • Motive Partners
  • Quadrant Private Equity
  • RCP Advisors
  • Seidler Equity Partners
  • Siris Capital
  • Southern Cross Management
  • The Growth Fund
  • Vitruvian Investment Partners
Venture and growth
  • Adams Street Partners
  • Bessemer Venture Partners
  • Blackbird Ventures
  • CDH Investments
  • Columbia Capital
  • FountainVest Partners
  • Hillhouse Capital
  • Horsley Bridge Partners
  • Lightspeed Venture Partners
  • New Enterprise Associates
  • Playground Global
  • Quilvest
  • Sequoia Capital
  • Stepstone Group (previously Greenspring Associates)
  • Xiang He Capital
Special opportunities
  • Adams Street Partners
  • Oaktree Capital Management
  • TowerBrook Capital Partners

Property

Unlisted
  • Altarea Cogedim
  • Berkshire Property Advisors
  • Brookfield Asset Management
  • Columbia Pacific Advisors
  • Garrison Investment Group LP
  • Greystar Equity Partners
  • Harbert Management Corporation
  • Hillwood Investment Properties
  • ICAMAP Advisory
  • Lend Lease Investment Management
  • Morgan Stanley Real Estate Investing
  • PEET Limited
  • Starlight Investments
  • 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 Alternative Advisors
  • Oak Hill Advisors
  • Oaktree Capital Management
 
Private debt
  • Ares Management
  • Bain Capital Credit
  • BlackRock Alternative Advisors
  • Hayfin Asset Management
  • PAG Holdings Limited
  • Westbourne Credit Management Limited
 Emerging markets debt
  • BlackRock Investment Management
  • Glen Point Capital
  • Lazard Asset Management
  • Oaktree Capital Management
Distressed and event driven
  • Bain Capital Credit
  • BlackRock Alternative Advisors
  • Centerbridge Partners L.P
  • Oak Hill Advisors
  • Oaktree Capital Management

Alternatives

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

 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