Challenger enters strategic alliance
Challenger has entered a strategic alliance with US-based investment manager Heitman to establish a global real estate investment product.
Real estate securities co-heads, John Longo and John White, will work with Heitman to establish the product as a strategic complement to Challenger’s domestic property securities offering.
In terms of the alliance, Heitman will manage the North American and European components of the product portfolio, while Challenger will manage the Australia and Asian component, which already comprises an initial investment mandate of more than US$75million.
Challenger chief executive funds management Rob Adams said the alliance will offer a range of high quality global real estate investments to Australian institutional and retail investors.
“In a listed property trust market that is mature by world standards, we continue to see demand for property securities funds with exposure to both domestic and international markets.”
Recommended for you
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
