Presima wins MLC mandate

19 April 2013
| By Staff |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

10 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

10 months 3 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

10 months 3 weeks ago

The central bank has served up a disappointment for punters on Melbourne Cup Day....

49 minutes 3 seconds ago

The fund’s inaugural chief retirement officer is looking to establish a new venture. ...

5 hours 36 minutes ago

The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update....

23 hours 40 minutes ago