MONTREAL, April 22, 2013 /CNW Telbec/ - Leading Australian wealth manager MLC announced it had awarded a significant mandate to Montreal-based global listed real estate boutique fund manager Presima.
This is a significant mandate win for Presima, who will manage part of MLC's global property securities strategy. The strategy is included in several MLC funds, including the flagship MLC Horizon Series of portfolios, which have over $27.2bn in funds under management.
Jonathan Armitage, MLC's Chief Investment Officer said, "Presima's track record of delivering above benchmark returns over the last five years, when most global property managers have lagged, supports our research that Presima are a sector-leading business. Their investment approach is also highly complementary to other managers in our global property securities strategy."
Presima's CEO Peter Zabierek said, "MLC are pioneers of the multi-manager approach in Australia and are known for having an extremely rigorous approach when appointing managers. MLC is also one of the largest Australian investors in global REITs, having been one of the first Australian institutions to invest offshore in the sector in 2005.
Being awarded this mandate is testament to the qualities of our team and the robustness of our 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."
Presima is a partner boutique investment firm of nabInvest, National Australia Bank's direct asset management business.
National Australia Bank's asset management businesses manage approximately AU$96bn as at 31 March 2013.
Notes to editors
Presima is a Montreal-based investment boutique that specialises in the management of global real estate securities on behalf of institutional and other investors. Presima is part of National Australia Bank's (NAB) direct asset management business, nabInvest, which partners with the best of breed investment managers, providing the strength of the NAB Group's resources. Presima has been managing real estate securities portfolios for over 10 years.
nabInvest partners with quality investment management firms, enhancing their capabilities with the support of the NAB Group's resources. This can include back office support and assistance with product and distribution services along with custody and corporate governance functions. nabInvest's business partners are Altrinsic Global Advisors, AREA Property Partners, Cambridge Industrial Trust Management, Fairview Equity Partners, Pengana Capital, Northward Capital, Presima Inc. and Wiltshire Capital.
SOURCE: Presima Inc.
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