August 27, 2016 2:48 AM 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, fixed income, and multi-asset portfolios. The firm also launches and manages equity and fixed income 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 invests in alternative markets including infrastructure and private equity. The firm employs a combination of in-house and external res...

66 Eagle Street

Level 5, Central Plaza Two

GPO Box 2242

Brisbane, QLD 4001

Australia

Founded in 1991

Phone:

617-3360-3800

Fax:

617-3360-3979

Key Executives for QIC Limited

Chief Executive Officer and Chairman of Executive Committee
Executive Director of Finance
Executive Director of Operations and Technology
Managing Director of Global Liquid Strategies and Member of the Alpha Committee
Head of Active Return Investments
Compensation as of Fiscal Year 2016.

QIC Limited Key Developments

Duet Seeks To Acquire Pipelines

DUET Group (ASX:DUE) is set to be positioning itself to secure the $3 billion GLNG pipeline, with some sensing that the start of a sale process for the Santos GLNG Pty Ltd could be drawing near. Goldman Sachs has been appointed as an adviser to the Santos GLNG Pty Ltd, which Santos Limited (ASX:STO) owns 30% for some time, although sources close to the situation say no moves have yet been made to place the pipeline on the market and a process, should one occur, would still be some way off in the distance. As well as Santos Limited, Santos GLNG Pty Ltd. is co-owned by Petroliam Nasional Berhad and Total E&P Australia Pty Ltd, which each hold 27.5% while Korea Gas Corp. (KOSE:A036460) controls 15%. Duet would probably encounter a strong contest for the asset with other prospective bidders such as QIC Limited and APA Group.

QIC Plans Acquisitions

QIC Limited is seeking acquisitions. QIC launched an AUD 2-3 billion fund through which it plans to acquire or develop more than 1 GW of large scale renewable assets. The Power Australian Renewables Fund is the result of a partnership between QIC and utility AGL Energy Limited. Damien Frawley the Chief Executive Officer of QIC said "QIC is proud to create this first of a kin partnership between institutional capital and a key energy industry participant such as AGL, PARF is the most significant step to date towards meeting the Australian Federal Government’s Renewable Energy Target, and should contribute up to 10% towards the overall target."

Scrutiny On Port of Melbourne Sale

Through to the next round of Port of Melbourne Corporation sale are believed to be Macquarie Infrastructure and Real Assets Pty Limited, APG Asset Management NV, IFM Investors Pty Ltd, against Borealis AG, QIC Limited, and Global Infrastructure Partners. There is speculation that China Merchants Bank Co., Ltd. may come out of left field and also emerge as one of the final contestants with another local partner. On July 22, 2016Australian Competition and Consumer Commission delayed a decision on the purchase of the port. Formal bids for the Port of Melbourne are due by late August, 2016.

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