[26-Jan-2022 09:38:08 Australia/Sydney] PHP Fatal error: Uncaught Error: Call to undefined function add_action() in /home/whitehel/public_html/wp-content/themes/web-whitehelm-2017/lib/utilities/customiser.php:44 Stack trace: #0 /home/whitehel/public_html/wp-content/themes/web-whitehelm-2017/lib/utilities/customiser.php(31): UnderSwell_Customiser->__construct() #1 /home/whitehel/public_html/wp-content/themes/web-whitehelm-2017/lib/utilities/customiser.php(385): UnderSwell_Customiser::sharedInstance() #2 {main} thrown in /home/whitehel/public_html/wp-content/themes/web-whitehelm-2017/lib/utilities/customiser.php on line 44 Disclaimer | Whitehelm Capital



Whitehelm consists of the following companies;

Whitehelm Capital Pty Ltd (ACN 008 636 717), Australian Financial Services Licence 244434; and

Whitehelm Capital Limited, authorised and regulated by the Financial Conduct Authority (FCA) FRN 599417, Registered No 06035691, Registered Office: 5th Floor, 17 St Swithin’s Lane, London EC4N 8AL

(together, ‘Whitehelm’).

Whitehelm makes every effort to ensure the quality of the information available on this website and regularly updates the content.  However, the uncertain nature of economic data, forecasting, and analysis means that neither Whitehelmnor its officers, employees, agents, associates or advisers makes any representations or warranties in relation to the accuracy, reliability, currency, completeness or relevance of the information contained herein. To the extent permitted by law, Whitehelm and its officers, employees, agents, associates, and advisers disclaim all liability for any loss or damage which may arise as a consequence of any person relying on the information contained in this website.

Whitehelm shall have no liability, contingent or otherwise, to you or to third parties, or any responsibility whatsoever, for the failure of any connection or communication service to provide or maintain your access to this service, or for any interruption or disruption of such access or any erroneous communication between Whitehelm and you, regardless of whether the connection or communication service is provided by Whitehelm or a third party service provider. Whitehelm shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the data and services available on this website or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. Whitehelm makes no warranty whatsoever to you, express or implied, regarding the security of the site.

Any material contained in this website has been prepared for informational purposes only without regard to any particular user’s investment objectives, financial situation, or means, and Whitehelm is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, instrument, asset or business as described herein and shall not form the basis of any contract. Although this material is based upon information that Whitehelm considers reliable and endeavours to keep current, Whitehelm has not verified this information and does not represent that this material is accurate, current, or complete and it should not be relied upon as such. Before relying on the material on this site, or information contained in it, users should independently verify its accuracy, reliability, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice.

The fact that Whitehelm has made the data and services provided on this website available to you constitutes neither a recommendation that you should enter into a particular transaction nor a representation that any product described on this website is suitable or appropriate for you. Many of the products described on this website involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you.

This service may provide links to certain Internet sites sponsored and maintained by third parties. Whitehelm makes no representations concerning the content of the sites. Any links to other websites or other contact details do not constitute endorsement, authorisation, sponsorship or affiliation by Whitehelm of any materials, organisation, person, product or service or a recommendation or opinion of Whitehelm with respect to the site, its owners or its providers. Your use of the products and services on this website may be monitored by Whitehelm.

Past performance of any product or organisation described on this site is no guarantee of and should not be relied on as an indication of future performance.

All currency and return figures referenced throughout this website are shown in AUD (unless otherwise stated) as at 30th June 2021. Global Core infrastructure IRR is shown since inception AUD hedged, post investment expenses and acquisition costs but pre ongoing management and performance fees.


This website is approved by Whitehelm Capital Limited (“Whitehelm”); a firm authorised and regulated by the Financial Conduct Authority (“FCA”). For the purposes of these terms, “Whitehelm” shall mean Whitehelm Capital Limited, its officers, directors and employees.

Any information contained in this Website is directed at Eligible Market Counterparties and Professional Clients only. This website is not directed at, or intended for, Retail Clients as defined by the FCA. It is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

English law governs access to and use of this website. By accessing our website you acknowledge that you have read and understood the conditions of use and agree to abide by them and that you are qualified to access the site.



FCA COBS 11.2A.38 & 11.2A.39

In accordance with the requirements of FCA COBS 11.2A.38 & 11.2A.39 regarding quality of execution venues used by Whitehelm Capital Ltd, see below best execution disclosure for calendar years 2019 and 2020. The firm did not execute any trades in the scope of the best execution requirements in calendar year 2018.

Class of Instrument Forward rate agreement
Notification if <1 average trade per business day in the previous year Y
Top 5 execution venues ranked in terms of trading volume (descending order) Proportion of volume traded as a percentage of total in that class Proportion of orders executed as percentage of total in that class Percentage of passive orders Percentage of aggressive orders Percentage of directed orders
Investec Bank plc 635400L6EVOM2WBVKG28 100% 100% NA NA NA
Investec Bank plc 635400L6EVOM2WBVKG28 41% 36% NA NA NA
Nomura International plc DGQCSV2PHVF7I2743539 29% 43% NA NA NA
Information Assessed Conclusions
An explanation of the relative importance the firm gave to the execution factors of price, costs, speed, likelihood of execution or any other consideration including qualitative factors when assessing the quality of execution The key factors considered were price, cost and availability
A description of any close links, conflicts of interests, and common ownerships with respect to any execution venues used to execute orders None
A description of any specific arrangements with any execution venues regarding payments made or received, discounts, rebates or non-monetary benefits received None
An explanation of the factors that led to a change in the list of execution venues listed in the firm's execution policy, if such a change occurred N/A
An explanation of how order execution differs according to client categorisation, where the firm treats categories of clients differently and where it may affect the order execution arrangements N/A
An explanation of whether other criteria were given precedence over immediate price and cost when executing retail client orders and how these other criteria were instrumental in delivering the best possible result in terms of the total consideration to the client Price, cost and availability were the only factors
An explanation of how the firm has used any data or tools relating to the quality of execution, including any data published by execution venues under RTS 27 N/A
Where applicable, an explanation of how the firm has used output of a consolidated tape provider which will allow for the development of enhanced measures of execution quality or any other algorithms used to optimise and assess execution performances (if applicable) N/A