Hastings Utilities Trust Of Australia
3 74 billion open ended infrastructure investment.
Hastings utilities trust of australia. 2000 hfm wins the mandate to manage the infrastructure fund a 1998 vintage open ended vehicle. Investors in the hastings managed utilities trust of australia which accounts for almost half of the firm s 14 3 billion in assets under management voted unanimously on a number of key changes to the fund s constitution at an extraordinary general meeting on tuesday. The fund manager is awaiting its final termination dates from the uta fund a a 6 billion 4 59 billion. Hastings fund management s australia business is expected to cease to exist by this summer according to a source close to the company.
Hastings funds management founded to manage the open ended utilities trust of australia fund. Infrastructure manager morrison co has won the management rights of hastings 6 billion fund utilities trust of australia. It established one of the first infrastructure equity funds utilities trust of australia in 1994 and one of the first infrastructure debt funds when it launched the hastings yield fund in 1999. Utilities trust of australia hastings diversified utilities fund of swan group.
Completed acquisition by united trust of australia and hastings diversified utilities fund of swan group holding company of mid kent water. Many customers receive the four essential utility services from hastings utilities electricity natural gas water and sanitary sewer. About hastings and utilities trust of australia uta hastings is a specialist manager dedicated to transforming global infrastructure investment opportunities to deliver long term value for its investors. Utilities trust of australia uta or the fund is an open ended core infrastructure fund for institutional investors with a long term investment horizon and a low to moderate appetite for risk.