IFM awarded $100 million in active equities

By Industry Funds Management - 16 August 2011


Industry Funds Management (IFM) has been awarded a further $100 million in active Australian Equities by leading superannuation fund HOSTPLUS to add to its existing mandate. The funds will be managed through IFM’s Strategic Australian Equities process, led by Executive Director - Listed Equities, Clyde Haldane.

The Strategic Australian Equities process delivers a concentrated, cost effective and long-term investment portfolio of ASX listed equities. IFM uses a proprietary ROE Impulse measure with a quality overlay to identify businesses that have a sound track record of achieving excellent returns on incremental investment.

Mr Haldane, a veteran manager, has been managing listed equity portfolios using this approach for over six years.

“Our research shows that businesses that re invest efficiently can be expected to achieve superior share price performance relative to their peers over the longer term”. Mr Haldane said.

HOSTPLUS Chief Executive, David Elia said:

‘We are delighted to have IFM as a core listed equities manager within our fund. Their long-term focus to active equities combines well with our broader manager configuration, and is strongly aligned to our interests in delivering a high net benefit to our members.”

IFM is a global investment manager with clients and teams in three of the largest pension markets in the world. Headquartered in Melbourne, Australia, with offices in Sydney, London and New York, IFM manages over $29 billion across four asset classes – listed equities, private equity, infrastructure and debt portfolios. IFM invests on behalf of institutional investors and is owned by 32 major not-for-profit Australian superannuation funds.