IFM Investors

Last updated

IFM Investors
Company type Private
Industry Investment management
Founded(1990;34 years ago (1990)) in Melbourne, Australia.
Headquarters,
Number of locations
11 offices worldwide [1]  (2023)
Key people
Products
AUM Increase2.svg A$199 billion (2022) [4]
Number of employees
Increase2.svg 678 [5]  (2022)
Divisions
  • Infrastructure
  • Debt Investments
  • Listed Equities
  • Private Equity
Website ifminvestors.com

IFM Investors is a provider of investment services, headquartered in Melbourne, Australia.

Contents

As of 27 April 2023, IFM Investors invests on behalf of more than 640 institutions worldwide, including pension, superannuation and sovereign wealth funds, universities, insurers, endowment funds and foundations.

History

Established in 1990, the firm started off as the Development Australia Fund (DAF Limited). [6] [7] It was established to invest in growing Australian private and public companies and infrastructure assets. In 1994, Industry Funds Services (IFS) was established to provide advice and specialist investment expertise in infrastructure, private equity and Australian equities. Industry Funds Management (IFM) was created through the merger of IFS Capital Group and DAF Limited in 2004. [7] Industry Funds Management (IFM) changed its name to IFM Investors in 2013. [8] [9]

In 2018, the company Fomento de Construcciones y Contratas (FCC) decided to sell 49% of the capital of its subsidiary FCC Aqualia to the IFM Global Infrastructure Fund (through Global Infraco Spain) for 1,024 million euros. [10]

Corporate responsibilities

IFM Investors has been a signatory to the United Nations-supported Principles for Responsible Investment (UNPRI) since 2008 [11] and has a Group Corporate Environmental, Social & Government Policy that determines its approach to the governance of investee entities. The firm is committed to reducing the carbon impact of its investments, targeting net zero greenhouse gas emissions across asset classes by 2050. [12]

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References

  1. "Our offices". www.ifminvestors.com. 3 December 2023.
  2. "IFM Investors to carve out thermal coal exposure by 2030". www.afr.com. 6 September 2021.
  3. "Industry super, Labor heavyweight Cath Bowtell to chair IFM Investors". www.afr.com. 26 June 2023.
  4. "2022 IFM Investors Responsible Business Report". www.ifminvestors.com. 28 November 2022.
  5. "2022 IFM Investors Responsible Business Report". www.ifminvestors.com. 28 November 2022.
  6. "IFM: Look to pensions for infrastructure cash". Financial Times. 13 November 2016.
  7. 1 2 "Electricity infrastructure like Ausgrid is a safe bet for super funds". www.theconversation.com. 27 September 2016.
  8. "IFM rebrands, selects Japan head". www.infrastructureinvestor.com. 21 October 2013.
  9. "Landor Sydney rebrands Industry Funds Management as IFM Investors". landor.com. 25 October 2013. Retrieved 6 January 2018.
  10. "FCC vende al fondo IFM el 49% de Aqualia por 1.024 millones para reducir deuda". El Español (in Spanish). 17 March 2018. Retrieved 25 July 2022.
  11. "Signatory Directory: IFM Investors". www.unpri.org.
  12. "IFM Investors targets Net Zero by 2050". www.ifminvestors.com. Retrieved 16 September 2021.