Resolution Capital to manage global property fund for Nedgroup Investments
Resolution Capital Limited (“Resolution Capital”) has been appointed as portfolio investment manager for the Global Property Fund, a new fund within Nedgroup Investments (IOM) Ltd’s (“Nedgroup Investments”) range of international Best of Breed™ funds.
Nedgroup Investments is a division of Nedbank Group Ltd, one of South Africa’s largest financial services groups, and has received consistent industry recognition as one of South Africa’s leading investment houses. Fund managers are selected via an intensive and rigorous process that helps identify top fund managers from around the world.
Nic Andrew, Head of Investments at Nedgroup Investments, said: “We are delighted to be working with the team at Resolution Capital. The Nedgroup Investments Best of Breed™ philosophy sees us partner with select fund managers who we believe are able to provide consistent long term outperformance for our clients. Resolution Capital is an owner managed business with a strong culture of stewardship – characteristics that we believe are important in ensuring alignment of interests with our clients. They have an outstanding long-term track record with an emphasis on superior capital protection in down-markets – another attribute that we tend to favour in our manager selection process.”
The fund is available to investors in South Africa, Africa and Europe through Nedgroup Investments.
Andrew Parsons, Managing Director and Global Portfolio Manager of Resolution Capital, said: “We are honoured to have been chosen by Nedgroup Investments to manage a new global property fund. Nedgroup Investments has a proven distribution platform featuring high calibre managers across multiple asset classes. Importantly, this appointment is consistent with Resolution Capital’s commitment to expand our client base globally.”
About Resolution Capital
Resolution Capital is an active investment manager specialising in global portfolios of listed property stocks, primarily in the form of Real Estate Investment Trusts (‘REITs’). Majority employee owned, Resolution Capital was established in 2004 and is headquartered in Sydney, with an office in New York. As at 30 June 2016, Resolution Capital was responsible for managing funds of over A$4.5 billion across global, Australian and Asian REIT strategies.
For more information visit: www.resolutioncapital.com.au
Resolution Capital Limited
Phone: +61 (02) 8258 9156
Resolution Capital Limited ABN: 50 108 584 167 AFSL No. 274491
This communication was prepared by Resolution Capital Limited (“Resolution Capital”). Under the authorisations of its Australian Financial Services Licence, Resolution Capital Limited is only able to provide general advice to wholesale clients. Accordingly, the information in this communication is for general information purposes only. This communication has been prepared without taking account of any person’s objectives, financial situation or needs, and because of that, any person should before acting on the advice, consider the appropriateness of the advice having regard to their objectives, financial situation and needs. Accordingly, reliance should not be placed on the information in this communication as the basis for making an investment, financial or other decision. Any opinions, forecasts or recommendations reflect the judgment and assumptions of Resolution Capital and its representatives on the basis of information at the date of publication and may later change without notice. Any projections contained in this communication are estimates only and may not be realised in the future. Returns from investments may fluctuate and that past performance is not a reliable indicator of future performance. Resolution Capital believes the information contained in this communication is reliable, however no warranty is given as to its accuracy and persons relying on this information do so at their own risk. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Resolution Capital Limited.