Apostle signs strategic alliance
Apostle Asset Management has entered an alliance with global real estate investment management services provider AEW Capital Management.
In terms of the alliance, Apostle will distribute AEW’s specialist portfolio management services in direct and listed global and regional property to the institutional marketplace in Australia.
The alliance is part of a growing AEW focus on investment opportunities in Australia and the Asia-Pacific region, which includes the opening last year of an office in Singapore, according to Apostle Managing Director Karyn West.
She said Apostle — which has $5.7 billion in funds under management — will “mark the new relationship” with a national road show next month to help AEW launch its new Value Investors Asia Fund in Australia.
AEW, which currently manages more than $46 billion of property assets and securities, will retain a distribution alliance with BT Investment Management for the adviser-driven platform market in Australia.
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