IFM Investors is an investor-owned, global fund manager with US$1115bn under management (at 31 December 2019) on behalf of like-minded, long-term institutional investors. Investment teams in Europe, North America, Australia and Asia manage a range of investment strategies across Infrastructure, Debt Investments, Listed Equities and Private Equity. Established more than 20 years ago and owned by a collective of 27 aligned, profit-to-member Australian pension funds, IFM Investors aims to maximise long-term net returns in a responsible, patient manner. Our distinct ownership structure philosophically aligns the interests of our owners with those of our investors. IFM Investors has offices in nine locations: London, Melbourne, Sydney, New York, Berlin, Zurich, Tokyo, Hong Kong and Seoul. We are a responsible investor and have been a signatory to the United Nations-supported Principles for Responsible Investment since 2008.
- Global FUM of US$114.8 billion (at 31 December 2019)
- 443 aligned institutional investors across 23 countries – pension funds, insurers, endowments, foundations, sovereign wealth funds and financial institutions
- Our portfolio of actively managed Infrastructure equity assets spans the globe, comprising more than 30 portfolio companies and more than 90 assets across the Americas, Europe and Asia-Pacific – track record dates to 1995
- Infrastructure debt manager on behalf of aligned investors – track record dates to 1999.
Vision and beliefs
IFM Investors’ vision is to be world’s most trusted institutional fund manager, consistently meeting and exceeding our objectives, and a brilliant place to work on behalf of a truly global collective. The goal is to provide collective excellence for aligned, well-capitalised institutional investors.
IFM Investors adheres to the following key investment beliefs:
- Patient and strategic approach to investment management
- Long-term investment time horizon
- Rigorous and consistent approach to due diligence and valuation
- Optimisation of net investment outcomes for investors
- Competitive fee structures and appropriate alignment of incentives
- Focus on responsible investment.
A key differentiator for IFM Investors is the philosophical alignment of our firm with the interests of investors. Our priority to maximise net investor returns closely aligns us with the objectives of our owners, many of which are also our clients and invest with us on behalf of their members. This allows new clients to invest alongside like-minded investors.
Further, IFM Investors is a responsible investor and we are committed to the enhancing the productive capacity of companies in which we invest in a sustainable manner.
Investment process and research
IFM Investors is one of the pioneers in Infrastructure investing on behalf of institutional investors globally, with a track record dating back to 1995. We manage infrastructure equity and debt investments, diversified by sub-sector and geography.
In infrastructure equity, we subject investment decisions to rigorous fundamental analysis and disciplined due diligence. The goal is to construct and maintain portfolios which consist of long-term, core infrastructure assets. Core assets typically have monopoly-like characteristics, strong market positions, a reliable regulatory environment, high barriers to entry, limited demand-elasticity, exposure to inflation and economic growth, and long lives. We aim to make investments in markets with established regulatory environments and strong ‘rule-of-law’.
In infrastructure debt, we seek credit investments that offer robust risk-adjusted returns. We seek value opportunistically and look for attractive market mispricing or illiquidity premiums. As part of extensive fundamental research, we prepare detailed credit analysis within a global framework, and conduct extensive financial stress-testing and peer analysis. We do not participate where an ‘averaged-out’ market has failed to distinguish poor asset value, whether this is due to insufficient reward or excessive risk.
Compliance statement || Material provided is for informational purposes only. It does not constitute an investment recommendation and should not be relied upon as investment advice. Past performance is no guarantee of future performance. This material has been prepared without taking into account the investment objectives, situation or needs of any particular person or entity. IFM Investors Pty Ltd recommends that before making an investment decision, each prospective investor should consult a financial adviser and consider whether any investments are appropriate in light of their needs, objectives and circumstances.