Apostle expands global property offering

APOSTLE Asset Management has added AEW Capital Management to its affiliate program.

AEW is a United States based company and provides specialist portfolio management services in direct and listed global and regional property to investors worldwide.

AEW and its affiliates manage more than $US41 billion ($A46 billion) of property assets and securities on behalf of many of the world’s leading institutional and private investors.

Apostle, which has $5.7 billion funds under management, will mark the new relationship with a national roadshow next month to help AEW launch its new Value Investors Asia Fund in Australia.

AEW has previously been represented in the Australian market place by BT Investment Management. BT will retain this strong and successful distribution partnership for the adviser-driven platform market.

Apostle’s managing director Karyn West said AEW is the latest specialist product manager to be represented in Australia by Apostle, formerly IXIS Asset Management Australia.

Apostle also represents Loomis, Sayles & Company L.P, Harris Alternatives L.L.C., and Harris Associates L.P.

AEW’s chief executive Jeffrey Furber said the new alliance with Apostle comes at an exciting time for its business and also coincides with the imminent launch of AEW’s new fund.

Australian Property Journal