POWERED BY MOMENTUM MEDIA
Presima wins MLC mandate
Global listed real estate boutique fund manager Presima will manage a portion of MLC's global property securities strategy after being awarded a "significant mandate", MLC has announced.
The strategy is included in several MLC funds, which have more than $27.2 billion in funds under management.
MLC chief investment officer, Jonathan Armitage said the boutique fund manager's track record of delivering above benchmark returns over the past five years when other property managers had lagged supported its research and decision to appoint Presima.
Its investment approach complimented other managers it had in its global property security strategy, according to Armitage.
Newly appointed Presima chief executive, Peter Zabierek said the mandate was testament to the quality of its team and robustness of investment process.
"This is one of a number of opportunities we currently have in the pipeline and is further evidence of our credentials as a proven global REIT manager," he said.
National Australia Bank's direct asset management business purchased Canadian-based fund manager, Presima in April 2010.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
