NEW ZEALAND FUNDS MANAGEMENT – COORDINATING MANAGER

NZ Funds Management acts in a coordinating manager role for the APS.

NZ Funds Management was founded in 1988 as a joint venture between LD Nathan & Co (now Lion Nathan) and IPAC, a leading Australian investment advisory firm.

Today it is wholly owned by its senior management called Principals. On average the Principals have been with the firm for over 15 years.

ECLECTICA

Eclectica was founded in London in 2005 by Hugh Hendry and Simon Batten. The firm is wholly owned by its six partners.

It is a boutique manager that was established on the premise of performance-driven, absolute return investing.

FRANKLIN TEMPLETON INVESTMENTS

Franklin Templeton was founded in 1947 in New York. Today it is headquartered in San Mateo, California. In October 1992, Franklin acquired Templeton, Galbraith & Hansberger Ltd., leading to the common name Franklin Templeton.

It is one of the largest US-listed investment managers with offices in 30 countries. Franklin Templeton divides its business into six distinct investment management platforms. Its fixed income unit has become the largest division in recent times and one of the most successful.

INVESCO

Invesco was founded in the United States in 1978 by a group led by Charles Brady. The company is a leading independent global investment manager, providing a wide range of investment strategies to clients around the world.

In 2006, Invesco acquired PowerShares Capital Management, expanding its business into Exchange Traded Funds.

Operating in more than 20 countries, the company is listed on the New York Stock Exchange.

ISHARES

iShares was founded in 2000 by Barclays Global Investors. Its focus is managing and distributing Exchange Traded Funds (ETFs). Over the past 10 years iShares has grown into one of the largest ETF providers in the world.

In December 2009, BlackRock merged with Barclays Global Investors. The combined firm now operates under the BlackRock name. It manages assets for institutional and individual investors across the globe.

ODEY ASSET MANAGEMENT

Established in 1991 by Crispin Odey to focus on active investment management at a time when the industry was dominated by investment indices.

Odey Asset Management is based in London and emphasises preservation of capital and the generation of superior returns, rather than relative to index returns.

PAULSON & CO

Paulson & Co is a New York-based hedge fund company founded by John Paulson in 1994.The company manages a number of event driven arbitrage funds.

Paulson has four key areas of investments:
- Special Situations/Event Arbitrage
- Distressed Credit
- Merger Arbitrage
- Restructurings and Bankruptcies

Headquartered in New York, Paulson & Co also hold offices in London and Hong Kong.

PIMCO

PIMCO was founded in Newport Beach, California, in 1971.

It is one of the world’s largest fixed income managers with over 1,400 employees and a presence in every major global bond market.

In 2000, PIMCO was acquired by Allianz SE, a large global financial services company based in Germany. PIMCO now operates as a separate and autonomous subsidiary of Allianz.

PLATINUM ASSET MANAGEMENT

Platinum is a Sydney-based investment management firm, founded by Kerr Neilson and a group of investment professionals in 1994.

The firm specialises in investing in global shares and aims to achieve absolute returns for investors.

Platinum was listed on the Australian Securities Exchange in 2007 with staff (and related parties) retaining around 70% of the equity in the firm. This serves to align its interests with the performance of the firm’s funds.

RESOLUTION CAPITAL

Resolution Capital is a Sydney-based boutique investment manager specialising in global listed property securities. The team at Resolution Capital have been investing in securitised real estate for over 14 years.

Their ongoing success was recognised by clients who entrusted them with significant funds under management and by Reuters Surveys which twice ranked their Managing Director, Andrew Parsons the top fund manager in Australia. Resolution Capital also won the 2008 Fund Manager of the Year award in Listed Property Securities.

Resolution Capital has been highly successful maintaining strong performance over the long term, including several property market cycles.

TWEEDY BROWNE

Tweedy Browne’s origins are as a privately-owned New York brokerage firm that was founded in 1920.

The company evolved into an investment manager, expanding from internal funds management and brokerage only to offering its investment services more widely in 1968.

The investment philosophy is founded on its interaction with one of its earliest customers, Benjamin Graham – “the father of securities analysis” and the first proponent of ‘value’ investing.

VIANOVA

Vianova was set up in 2005 by Michael Schneider after he had become frustrated with the index-centric approach of Australian institutional fixed interest managers.

It is a Melbourne-based boutique fund manager specialising in Australian fixed interest.

Vianova follows an absolute return approach rather than a relative return one.