Capital Allocators – Inside the Institutional Investment Industry Sam Sicilia – Seizing on a Long Time Horizon at HostPlus (EP.103)
Jul 1, 2019
Sam Sicilia, the Chief Investment Officer of HostPlus, shares insights from his extensive background in academia and global finance. He discusses the advantages of a long-term investing horizon and the critical role of infrastructure in mitigating risks. Sicilia highlights the importance of ethical stewardship in asset management and the growing appeal of private equity and venture capital in Australia. He also emphasizes building strong relationships with fund managers and critiques the overreliance on quantitative models in investment decisions.
AI Snips
Chapters
Transcript
Episode notes
Infrastructure Investments
- HostPlus invests in infrastructure domestically and internationally, with a growing focus on offshore opportunities.
- They view pension funds as suitable long-term owners of infrastructure assets.
Resisting Lower Returns
- Don't chase lower returns in infrastructure by accepting lower yields on core assets.
- Instead, consider moving up the risk curve by investing in development-stage projects.
Focus on Individuals, Not Brands
- Don't invest in brand names; invest in individuals.
- Focus on manager selection based on the people behind the strategy, not just the firm's reputation.