1. Transforming global infrastructure
investment opportunities to deliver
long-term value
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www.hastingsinfra.com
Hastings Funds Management Limited
Level 27, 35 Collins Street
Melbourne VIC 3000 Australia
T +61 3 8650 3600
F +61 3 8650 3701
ABN 27 058 693 388
AFSL No. 238309
Hastings Media Announcement
26 November 2014
HASTINGS ANNOUNCES TWO SENIOR EXECUTIVE APPOINTMENTS
MELBOURNE: Leading global infrastructure manager Hastings announced two senior executive
appointments today as it positions itself for the significant infrastructure activity in Australia and in its
international markets over the next several years.
Firstly Peter Siapikoudis, currently Portfolio Manager for The Infrastructure Fund (TIF), will move to a
newly created role as Portfolio Manager, Australian Mandates. Secondly Jonathan van Rooyen will assume
the role of Portfolio Manager for The Infrastructure Fund.
The newly created role of Portfolio Manager, Australian Mandates positions Hastings to further provide
investors access to the strong infrastructure pipeline that will exist in Australia as the Government
accelerates its privatisation agenda. It allows investors the choice of accessing unlisted infrastructure
through one of Hastings-managed two cornerstone Funds (UTA or TIF) or to invest alongside these funds
on a bespoke basis.
Peter Siapikoudis is well suited to lead the Australian Mandates business given his investment and
portfolio management expertise in building the TIF business over the past six years to $1.7 billion
(November 14) from $280 million (March 08). Over this time, Peter was instrumental in establishing a
diversified portfolio for TIF through his involvement in the Fund’s successful acquisition of eight new
assets and contribution to consecutive successful capital raisings. Whilst managing TIF, Peter has also
held various asset management responsibilities within Hastings and has been a director on a number of
boards including Port of Newcastle, Envirogen, Hancock Victorian Plantations and Tiaki Plantations.
Jonathan van Rooyen will take over the role of Portfolio Manager of TIF. In 2013, Jonathan led the
establishment of a dedicated airport investment fund with the National Pension Service of Korea and is
currently the Portfolio Manager responsible for the fund. With Hastings he has been a Director on the M5
and M4 toll roads and a Director on Envirogen. He has been a key player in developing the Hastings Asia
strategy and was instrumental to securing TIF’s first international investor from Korea, the Military Mutual
Aid Association.
TIF is well positioned to take advantage of both the Australian and international capital appetite of
investors looking for Core Plus returns in the developed markets TIF invests.
Hastings CEO Andrew Day, commented that these changes will give a wider range of Investors access to
the Australian infrastructure pipeline. “Hastings is keen to broaden its investment vehicles to represent a
more flexible approach to infrastructure investment in Australia. We are fortunate to have someone of
Peter Siapikoudis’ significant expertise to spearhead Hastings’ mandate business in Australia. I am also
very pleased to be able to recruit both roles internally, showing the depth and breadth of the Hastings
team. These new roles take effect 1 January 2015 to allow a seamless handover from Peter to Jonathan
into the role of Portfolio Manager of TIF”.
Hastings has an impressive record in Australia and internationally in buying and managing infrastructure
assets most recently having purchased the Port of Newcastle and Porterbrook in the UK, both involving
TIF investments. Our ability to attract both Australian and international investment partners and the
ability to work with many stakeholders is providing a performance edge for our investors.

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Chairman of TIF’s Trustee board, Mr Bob Lette, acknowledged the significant achievements made by Mr
Siapikoudis since he joined Hastings, not the least of which has been his steady contribution to TIF’s
annualised 15.1%pa and 16.3%pa returns (after fees) over five-year and 10-year intervals,
respectively. The TPCG board look forward to welcoming Jonathan to his new role.
Ends
Felicity Nicholson
Hastings Group Director|Marketing
T +61 3 8650 3729
F +61 3 8650 3701
M +61 427 769 716
E Felicity.Nicholson@hastingsinfra.com
www.hastingsinfra.com
About Hastings
Hastings is a specialist manager dedicated to transforming global infrastructure investment opportunities
to deliver long-term value for its investors.
From its headquarters in Melbourne, Hastings has built a global footprint with offices in Sydney,
Singapore, London, New York, Seoul and Mumbai now collectively employing approximately 100
professional staff.
Hastings is dedicated to the infrastructure sector and with almost two decades of experience is one of
Australia’s longest running and most qualified infrastructure managers. It established one of the first
infrastructure equity funds, Utilities Trust of Australia, in 1994 and one of the first infrastructure debt
funds when it launched the Hastings Yield Fund in 1999.
It currently manages approximately A$9.2 billion (as at 30 June 2014) across a number of funds and
mandates. Hastings’ clientele totals some 70 institutional investors.
The Hastings asset portfolio predominantly comprises utilities, airports, toll roads and seaports in
Australia, the UK, Europe and the US. The primary focus is on building a diversified portfolio of equity and
debt-based infrastructure investments. The Hastings team covers asset finance, business development,
client services, portfolio construction, origination, and infrastructure investing.
About The Infrastructure Fund
TIF is a proven open-ended unit trust with a successful 16 year track record of investing in unlisted
infrastructure assets, having delivered superior risk adjusted returns that have been above benchmark
since inception. The Fund provides institutional investors with access to a quality portfolio of long life
infrastructure assets diversified across airports, seaports, utilities and social infrastructure.
TIF aims to consistently deliver above benchmark returns by taking influential positions in infrastructure
investments through a core plus portfolio strategy with a low to medium risk objective.
Investors include industry superannuation funds representing nearly 2 million members as well as other
institutional investors such as insurance companies, family office funds and statutory funds.
TIF was established by its trustee, The Private Capital Group Pty Ltd (TPCG), in June 1998. TPCG
appointed Hastings as the Manager of TIF and that partnership has been in place since June 2000. TPCG is
a not-for-profit wholesale investment house that is governed by and for the interests of its institutional
investors. With more than 16 years’ experience, it is the trustee for infrastructure and private equity
funds that invest in a diverse range of unlisted assets across Australia and internationally.
About Utilities Trust Australia
UTA is a proven open-ended unit trust managed by Hastings and focused on investing in infrastructure
assets globally. Established in 1994, UTA has outperformed its benchmark on a since-inception basis via
Hastings’ disciplined approach to portfolio construction and individual asset selection, strong focus on
revenue risk, multi-layered investment process and active approach to asset management.

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The fund has a quality portfolio of existing assets in Australia, the UK, Europe and the US and a track
record of delivering superior risk adjusted investment returns over time. UTA is a core infrastructure
product for institutional investors with a long-term investment horizon and a low-to-moderate appetite
for risk. Hastings objective for UTA is to consistently provide investors with benchmark plus returns over
the medium term by taking influential positions in infrastructure assets in Australia and select countries
globally.
Utilities of Australia is the trustee of UTA.
Disclaimer
This media release has been prepared by Hastings Funds Management Limited ABN 27 058 693 388 (Hastings), holder of Australian
Financial Services license number 238309. Hastings is a subsidiary of Westpac Banking Corporation ABN 33 007 457 141 (Westpac).
The information contained herein is for informational purposes only and does not constitute an offer to issue or arrange to issue
financial products. The information contained herein is not financial product advice. This media release has been prepared without
taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an
investment decision, you should read the publicly available information carefully and consider, with or without the assistance of a
financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial
circumstances. Past performance is no guarantee of future performance.
Neither Hastings, Westpac or any other members of the Westpac Group gives any guarantee or assurance as to the performance or
the repayment of capital. Investments in funds are not investments, deposits or other liabilities of Hastings, Westpac or other
members of the Westpac Group.
All data in this document has been calculated using the most accurate sources available, however any rates or totals manually
calculated may differ from those shown due to rounding. Figures may also differ from those previously disclosed due to
adjustments made following period end.