Avant grants mandate to Quay Global Investors
Bennelong Funds Management’s global real estate manager, Quay Global Investors, has been granted its first institutional mandate from Avant, a medical defence organisation representing over 78,000 health practitioners and medical students.
“We have regularly backed new boutique managers and believe that our portfolio benefits greatly by being early adopters of high quality managers such as Quay,” Avant’s chief investment officer, John Lucey, said.
“Quay is a truly benchmark unaware property manager providing investors with property exposure that is well diversified, investing in sectors like student accommodation, manufactured housing, storage and health care,” Bennelong Funds Management’s institutional distribution executive, Jeremy Crowley, added.
“These attractive themes are really starting to resonate with Australian institutional investors, which is pleasing.”
Quay, which was launched in 2015, is a boutique investment manager focused on the preservation and creation of wealth through innovative strategies in real estate securities.
According to FE Analytics, the Quay Global Real Estate has made an annualised return of 12.38% over the last three years.
Quay Global Real Estate Fund v sector and benchmark performance over five years to 30 August 2019
AUTHOR
Oksana Patron
Recommended for you
The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.
Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
