Investments

Investment Managers

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.

Manager

Asset class

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%