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
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
