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
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
