The Queensland-based manager is investing in an international intellectual property fund that looks to generate revenue streams from areas such as copyrights, patent royalties and film and television rights.
QIC is using the fund as part of its strategy to diversify its beta, or market, returns in line with the groups new investment structure which separates alpha and beta across all asset sectors.
"The days of just putting your money into equities and bonds are over. Managers now have to work a lot harder to generate the returns demanded by clients," QIC chief strategist Tony Day said.
"Intellectual property is the first investment QIC will make of this type. We are also researching other incubator asset classes such as general insurance, rural property, water rights and weather derivatives."
QIC's incubator assets generally start with a small initial portfolio allocation, less than 0.1 per cent, but have the potential to grow to as much as over a 3 per cent allocation.
QIC has over $55 billion under management for Australian and overseas clients.
