This report shows public data only. Is this your organisation? If so, login here to view your full report.

Hastings Funds Management Limited (Delisted)

PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

Hastings Funds Management Limited (“HFML”, together with its affiliates, “Hastings”, “the Firm” or “the Hastings Group”) is a specialist infrastructure equity and debt manager. In 1994, Hastings established one of the first dedicated infrastructure equity funds, Utilities Trust of Australia (“UTA”), followed by one of the first dedicated infrastructure debt funds in 1999. Since inception, Hastings has experienced steady growth and as at 31 December 2016 had approximately A$12.8 billion in funds under management (invested capital at market valuation plus committed but not invested capital) across various investment products.

Hastings' Infrastructure Equity business specialises in investing in private market opportunities that require dedicated investment sourcing, execution and asset management skills. Working within a clearly defined portfolio construction framework, Hastings aims to produce risk adjusted returns over time via a team of experienced equity professionals applying a disciplined investment process. We also aim to generate investor value by taking a disciplined approach to initial investment using what Hastings believes to be a conservative and long-term approach to investing.

Hastings-managed equity funds seek to take majority or negative control equity positions in infrastructure assets which are natural or contractual monopolies that permit us to implement an active asset management approach, take advantage of investment opportunities and mitigate risks to asset returns over time. Through application of our proprietary "Revenue Risk Model" ("RRM") we focus primarily on creating and managing diversified, core infrastructure portfolios to achieve steady growth and income across economic cycles for our clients.

Hastings also has an established and dedicated Infrastructure Debt business, which operates separately to our Infrastructure Equity business, and which invests in fixed and floating rate private project and infrastructure debt assets in OECD markets.

Unless noted, due to the nature of our investments and asset management requirements, responses in this assessment refer to Hastings' Infrastructure Equity business.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

100 FTE

02.4. Additional information. [Optional]

Hastings maintains a global footprint with offices in Australia (Melbourne and Sydney), North America (New York), Europe (London) and Asia (Singapore and Seoul). 


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Hastings' managed Utilities Trust of Australia was recently approved to join the PRI as an investment manager and subsidiary of Hastings Funds Management, with the first reporting period expected in 2019.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

30/06/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

"Funds Under Management" ("FUM") in lieu of AUM have been provided. FUM represents the aggregate of drawn and undrawn capital commitments.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure >50% 78 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 10-50% 22 0 0
Other (2), specify 0 0 0 0

'Other (1)' specified

          Infrastructure Debt
        

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market (Private)


Top