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Quay wins global property award

Quay Global Investors has been awarded the 2018 Money Management/Lonsec Fund Manager of the Year Global Property Securities Award for its Quay Global Real Estate Fund.

Quay was launched in May 2015 as a partnership with principals Justin Blaess and Chris Bedingfield and Bennelong Funds Management. Prior to this, the business operated as Quay Real Estate Advisors, which was founded by Justin and Chris in 2013.

The Quay Global Real Estate Fund is focused on the preservation and creation of wealth through innovative strategies in real estate securities.

Bennelong CEO, Craig Bingham, said the award is testament to the fund’s strategy of investing in real estate securities at a price that will deliver a real, after inflation, total return of at least CPI plus five per cent per year through the cycle.

“Quay’s investment process employs quantitative, qualitative and fundamental research methodologies, as well as drawing on the team’s considerable experiences, to identify those investment opportunities in the global universe best placed to satisfy the investment strategy of the Fund,” said Craig.

“Importantly, this process is also iterative and opportunities selected for investment are continually reassessed and compared to new opportunities that arise.

“We’re very pleased for the team and this recognition of their hard work over the past five years.”

Money Management said Quay’s success was due to it staying index unaware and favouring a high-conviction strategy.

The publication noted: “The fund has outperformed the index by 3.65 per cent, with the index producing returns of 3.66 per cent and the Global Real Estate Fund producing returns of 7.31 per cent, according to FE Analytics.”

Quay was also a finalist in the Emerging Manager category.

© 2018 FE Money Management. All rights reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE Money Management and Lonsec (2) may not be copied or redistributed (3) do not constitute investment advice offered by FE Money Management or Lonsec (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security (5) are not warranted to be correct, complete, or accurate. FE Money Management and Lonsec shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE Money Management and Lonsec do not guarantee that a fund will perform in line with its Fund Manager of the Year award as it reflects past performance only. Likewise, the Fund Manager of the Year award should not be any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

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