Bennelong Funds Management’s global real estate manager, Quay Global Investors, has won its first institutional mandate, partnering with Avant, one of Australia’s leading medical defence organisations representing over 78,000 health practitioners and medical students.
Founded in 2013, Quay is a boutique asset manager focused on the preservation of capital and creation of wealth through strategies in real estate securities.
Avant’s Chief Investment Officer, John Lucey, said, “Avant is delighted to be Quay’s first institutional client.
“We have regularly backed new boutique managers and believe that our portfolio benefits greatly by being early adopters of high quality managers such as Quay.”
Justin Blaess, portfolio manager and co-founder of Quay, said, “When we formed Quay back in 2013, we believed there would be institutional demand for a truly index unaware strategy focusing CPI plus style total returns. We believe the support from Avant vindicates our original vision.”
Bennelong Funds Management’s Institutional Distribution Executive, Jeremy Crowley, added, “Quay is a truly benchmark unaware property manager providing investors with property exposure that is well diversified, investing in sectors like student accommodation, manufactured housing, storage and health care.
“These attractive themes are really starting to resonate with Australian institutional investors, which is pleasing.”