Alpha Fund Managers awards mandate to Quay


Justin Blaess

Alpha Fund Managers has awarded a mandate to global listed real estate manager Quay Global Investors, a boutique fund manager partner of Bennelong Funds Management.

The Quay Global Real Estate Fund invests in a number of global listed real estate securities, selecting the best opportunities from around the world, including Australia. It aims to generate a real total return of at least five percent above CPI per annum over five or more years.

Julien Brodie, portfolio manager at Alpha Fund Managers said, “The active nature of the strategy, as well as the focus on risk management and wealth preservation, are particularly attractive for the Alpha Property Securities Fund.

“Our approach is to research and select the best investment managers from around the world, combine them in our diversified portfolios, and actively manage them so that investors don’t have to.

“Our investment philosophy is based on the premise that there are particular investment managers that have the ability to consistently generate ‘alpha’ over the medium to long-term and through all financial market cycles, irrespective of any style bias.

“Quay’s proven ability to successfully and consistently add value over the long term fits well with this philosophy.”

Justin Blaess, portfolio manager and co-founder of Quay, said the mandate award was testament to the strength and calibre of the team and the outperformance of the fund.

“Our strategy has just passed its third birthday, and over three years we have delivered a return of 14.8 percent per annum (net) compared to 9.6 percent for the index1, ahead of our benchmark of CPI +5% per annum.

“We continue to see good opportunities for investors.  Global real estate fundamentals are still generally attractive owing to expanding economies and a general lack of construction post-GFC, limiting supply in certain markets.

“With sectors such as healthcare, manufactured housing, student housing and data storage benefiting from structural growth, we believe global listed real estate offers a number of benefits for investors looking for both capital growth and yield,” Mr Blaess said.

The fund was recently upgraded to ‘recommended’ by Lonsec and was awarded a ‘superior’ rating by SQM earlier this year.

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