Hastings Funds Management
Hastings Funds Management (Hastings) is a leading fund manager of alternative assets specialising in the acquisition and management of infrastructure, property, alternative debt and private equity.
Hastings was established in 1994 and fully acquired by the Westpac Group in 2005. In 2008 Hastings integrated with Westpac's Specialised Capital Group taking funds under management from more than $5 billion to approximately $7 billion 1. The integrated business, known as Hastings Funds Management, offers a range of ASX listed, retail and wholesale alternative asset funds.
Hastings employs more than 180 people across offices in Australia, the UK and US to ensure timely access to alternative asset opportunities both locally and in Europe and North America.
Hastings procures assets that are attractive to both retail and institutional investors. These assets are managed on investors' behalf through either Westpac Funds Management Limited or Hastings Funds Management Limited.
Things you should know
- 1. Correct as at December 2008