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February 13, 2016 8:53 PM ET

Capital Markets

Company Overview of QIC Limited

Company Overview

QIC Limited is a Government owned investment manager. The firm provides its services to superannuation funds, government and statutory authorities, insurance organizations, charitable bodies, financial services companies, and educational institutions. It manages separate client focused equity and fixed income portfolios. The firm also manages equity, fixed income, and real estate funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm also engages in investment and development of real estate. It employs a combination of in-house and external research to make its investments. The firm was founded on 1 July 1991 and is based in Brisbane, Austr...

66 Eagle Street

Level 5, Central Plaza Two

GPO Box 2242

Brisbane, QLD 4001

Australia

Founded in 1991

479 Employees

Phone:

61 7 3360 3800

Fax:

61 7 3360 3979

Key Executives for QIC Limited

Chief Executive Officer and Chairman of Executive Committee
Chief Financial Officer of Corporate Services
Managing Director of HR and Corporate Communications, and Chief Operating Officer
Head of Global Real Estate
Joint Managing Director of Active Management and Member of the Alpha Committee
Compensation as of Fiscal Year 2015.

QIC Limited Key Developments

Victoria Government Reportedly Seeks Sale Of Stake In Port Of Melbourne

Victoria government reportedly seeks sale of stake in Port of Melbourne Corporation. The Victoria government is believed to be preparing to call for expressions of interest in February to sell the AUD 6 billion Port of Melbourne despite recent challenges in securing legislative approval, according to sources. There are hopes for progress through advisers Morgan Stanley (NYSE:MS) and Flagstaff Partners Pty Ltd, despite unresolved political opposition. Meanwhile, it will be interesting to see whether the NSW government-backed superannuation fund, First State Super, lines up among the bidders for the Port of Melbourne, with speculation emerging in October of 2015 that it was positioning itself to buy the country’s busiest port in conjunction with Macquarie Infrastructure and Real Assets Pty Limited. Other bidders are expected to include groups such as QIC Limited, IFM Investors Pty Ltd and Hastings Funds Management Limited.

QIC Names Eric Belman to the QIC Global Infrastructure Team

QIC has named Eric Belman to the QIC Global Infrastructure team in its newly-established New York office. In the new role, Belman will lead the firm's infrastructure origination, investment and execution efforts in North America. Previously, Belman had been a managing director, Business Development, GE Power and Water since 2007.

Five Ways For Origin's Infrastructure Asset Sales

Origin Energy Limited (ASX:ORG) will sell five energy infrastructure and wind generation assets as part of its $800 million asset divestment program, with the auction scheduled to get underway in March, 2016. In recent meetings with potential buyers, Origin Energy has revealed plans to offload its Darling Downs and Port Campbell to Mortlake gas pipelines, the Mortlake Terminal Station and the Cullerin Range and Stockyard Hill wind farms. According to a presentation given to the buyers – and obtained by Street Talk - Origin Energy will write power purchase agreements, gas transmission agreements and tolling agreements for each of the five assets. It means the auction will line up existing pipeline and wind farm owners against low cost of capital superannuation investors and infrastructure funds. Strategic buyers including APA Group (ASX:APA) and Australian Gas Networks Limited are expected to take a close look at the pipelines, along with QIC Limited and underbidders in the Iona auction including Retail Employees Superannuation Trust. Colonial First State Investments Limited and the likes of AMP Capital Investors Limited and Palisade Investment Partners Limited are also expected to run the numbers. Infratil Limited (NZSE:IFT) and Infrastructure Capital Group Ltd will take a look at Origin Energy's windfarms. Cullerin Range, located in NSW's Southern Highlands, is a 30megawatt farm, while Stockyard Hill is a development project in Victoria, which will cost about $1 billion to build. The biggest question will be whether Origin and its adviser, Bank of America Merrill Lynch International Limited, can catch a mystery offshore or Chinese acquirer as has been in case in recent infrastructure auctions including Pacific Hydro and Port of Darwin. Bidders left Origin's briefings expecting the auction to begin with confidentiality agreements and an information memorandum in March and wrap up before the end of the financial year of 2015. Expectations are the assets should fetch more than AUD 800 million. UBS Group AG (SWX:UBSG) is running the gas asset sales in a separate process.

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