Former ANZ Securities Manager Joins ACC for Australian REITs Role

Highlights:

• Strategic Appointment: Craig Tyson, with nearly 30 years in property investment and fund management, joins ACC Investment Fund as Portfolio Manager for Australian REITs.
• Portfolio Synergy: Australian REITs are integrated into ACC’s portfolio to hedge against outstanding claims liability, aligning with the fund's interest-rate-sensitive asset strategy.
• Proven Track Record: ACC Investment Fund has delivered over 9% average annual returns since 1992, supporting New Zealand’s no-fault accident insurance scheme.

ACC Welcomes Craig Tyson

Craig Tyson, with nearly 30 years of experience in property investment and fund management, has joined the Accident Compensation Corporation (ACC) Investment Fund in the newly created role of Portfolio Manager, Australian Real Estate Investment Trusts (REITs). Tyson previously led the Australasian Listed Property division at ANZ Securities, bringing a wealth of expertise to his new position.

Strategic Fit for ACC’s Portfolio

The inclusion of listed property stocks aligns with ACC’s strategy due to their interest-rate sensitivity and long-duration asset nature. These assets serve as a hedge against ACC's outstanding claims liability (OCL), which represents the expected lifetime costs of historical accidents. Changes in bond yields significantly impact both the OCL and the returns from listed property stocks, making REITs an ideal investment to balance ACC's portfolio.

Driving Responsible Investment

Tyson's involvement extends beyond traditional investment management. He was a representative of ANZ Securities on the New Zealand Corporate Governance Forum, advocating for global best practices in governance within New Zealand companies. Additionally, he contributed to ANZ’s Responsible Investment Forum, emphasizing ethical investment practices.

Consistent Fund Performance

The ACC Investment Fund has a solid track record, delivering average annual returns of over 9% since its inception in 1992. This consistent performance supports Aotearoa New Zealand’s no-fault accident insurance scheme, ensuring it can meet long-term financial obligations.

Extensive Background

Tyson’s extensive career includes roles at Forsyth Barr in Auckland and Fuji Investment Management in London, showcasing a diverse experience in property and fund management. His new role at ACC marks a significant step in managing and growing the Australian REITs portfolio, reflecting ACC's commitment to strategic asset allocation and responsible investment practices.

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