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26 Nov 2014 | Australia
Kate Burgess
Hastings names new head of Australian mandates
Hastings Funds Management has created a new management role to oversee its growing
individual investor account business, it said on Wednesday (26 November).
Peter Siapikoudos (pictured) will assume the role of portfolio manager, Australian mandates. He
will represent the interests of Australian-based pension funds that hold individual accounts with
the Melbourne-based fund manager.
It is hoped that Siapakoudos will grow the number and size of account holders and allow them
to participate on a bespoke basis in a growing number of investment opportunities in Australia
and abroad. Investors can channel their funds through Utilities Trust of Australia, The
Infrastructure Fund or co-invest alongside the fund.
Siapakoudos will vacate his current post as portfolio manager for TIF and will hand the reins to
Jonathan van Rooyen. During his tenure at TIF, Siapakoudos grew the fund to its current AUD
1.7bn from AUD 280m, helped it acquire eight new assets and participated in a series of capital raisings.
Last year, Van Rooyen helped Hastings set up a dedicated airport investment fund for the National Pension Service in
Korea. He has also been a director on investee companies the M5 and M4 Motorways and water utility Envirogen.
Hastings chief executive Andrew Day said the changes are designed to offer investors more flexibility in choosing which
Australian transactions they participate in. Hastings is understood to be weighing a bid for Port of Melbourne and is also
keeping its eye on upcoming energy network sales in New South Wales and Queensland.
“Hastings is keen to broaden its investment vehicles to represent a more flexible approach to infrastructure investment in
Australia,” Day said in a statement.
Both appointments will be effective on 1 January 2015.
TIF has an annualised five-year return of 15.1% and 16.3% over ten years, net of fees. Its most recent acquisitions were
stakes in the Port of Newcastle and Porterbrook rolling stock.
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