Coal LSL has appointed the following investment managers (current as at June 2017) to invest the Fund's assets, consistent with its investment policy and strategy.
|AMP Capital ||Unlisted Property |
|Bridgewater ||Risk Parity |
|Brigade ||Multi-Strategy Alternative Credit |
|Hyperion ||Australian Equities |
|JP Morgan ||Cash |
|K2 Advisors ||Hedge Fund |
|Lazard ||Australian Equities |
|Macquarie ||Australian Equities |
|MFS ||Emerging Market Equities |
|Palisade ||Unlisted Infrastructure |
|PIMCO ||Global Bonds |
|QIC ||Australian Inflation Linked Bonds |
|QIC ||Australian Fixed Interest |
|Resolution Capital ||Global Listed Property |
|Schroders ||Global Bonds |
|State Street Global Advisors ||Global Equities |
|Stone Harbor ||Emerging Market Debt |
|Vanguard ||Global Equities |
The investment policy's broad objective is to achieve a return of CPI + 3% over a rolling eight year period.
Setting an investment strategy consistent with this policy is determined by the Board with the
assistance of an asset consultant - Willis Towers Watson.
The following returns have been achieved in the last five years (ending 30 June).
|2016 ||2015 ||2014 ||2013 ||2012 |
|3.40% ||7.28% ||13.13% ||14.81% ||4.35% |