Private company | |
Industry | Investment management |
Founded | 8 August 1988 |
Headquarters | Wellington, New Zealand |
Key people
|
Rob Morrison, Chairman Anthony Muh,CEO Asia Kevin Baker, CFO |
Website | www.hrlmorrison.com |
Rob Morrison, Chairman
Marko Bogoievski, CEO
Lib Petagna, Chief Investment Officer
H.R.L. Morrison & Co is a specialist investment manager focusing primarily on infrastructure assets with offices in New Zealand, Australia and Hong Kong.
Morrison & Co was founded in 1988 by H. R. Lloyd Morrison offering a broad range of investment advisory services across sectors. In the early 1990s Morrison & Co narrowed its focus to infrastructure investment and advisory services as major privatizations took place in Australia and New Zealand. Morrison & Co was an active investor and adviser in privatisations of Australasian airports, ports and energy businesses.
Morrison & Co launched Infratil, one of the world's first listed infrastructure funds in 1994. Infratil (NZX: IFT) is listed on both the New Zealand Exchange and Australian Securities Exchange and was named Deloitte/Management Magazine Company of the Year in 2007. Infratil's major investments include TrustPower, Wellington Airport, NZ Bus and RetireAustralia. Infratil holds a 19.93% share of Metlifecare Limited, an NZX and ASX listed retirement village operator. Infratil pays Morrison & Co a management fee that is tied to the total value of assets under management. Since its founding in 1994 through 31 March 2015, Infratil has delivered average annual returns of 18%.
Morrison & Co also managed Infratil Australia Limited from its founding in 1994 until 31 July 2000 when the fund was subject to a takeover by the Australian Infrastructure Fund. Prior to the takeover, Infratil Australia Limited owned stakes in Perth Airport, Darwin International Airport, Alice Springs Airport Territories Airports, Southern Hydro, and Port of Portland in Australia (Portland, Victoria).