New York Firm To Launch L/S Real Estate Strategy

Mar 11 2008 | 11:43am ET

Cohen & Steers is looking to add hedged real estate securities portfolios, including a long/short global real estate securities strategy, to its lineup.

Martin Cohen, co-CEO, said the firm is seeing increased demand from its clients and real estate securities investors for hedged real estate strategies that can consistently generate superior risk-adjusted returns.

“A long/short portfolio management capability will broaden our initiatives in the alternative investment area, and will allow us to capitalize on diverse and increasing investment opportunities in the global real estate securities markets,” he said.

To jumpstart its initiative, the firm has hired Todd Voigt, previously with Cliffwood Partners where he was the portfolio manager for its absolute return real estate securities hedge fund and co-manager overseeing the short strategy for its 120/20 real estate securities hedge fund, as senior vice president and portfolio manager.

“Todd has a strong track record in managing hedged real estate securities portfolios,” said Robert Steers, co-CEO. “This initiative will complement our strong lineup of regional and global real estate securities investment strategies.”

New York-based Cohen & Steers was founded in 1986 and specializes in U.S. real estate investment trusts, international real estate securities, preferred securities, utilities and listed infrastructure securities and large cap value stocks. It managed $29.8 billion in total assets as of the end of December.

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