News

Avant backs Quay Global Investors in global real estate equities

30 September 2019

Highlights

  • Global real estate manager Quay Global Investors, a Bennelong boutique, has been awarded its first Australian institutional global property equity mandate by Avant.
  • Established in 2013, Quay oversees client assets of circa $AUD180m from Australian investors (as at 31 August 2019).

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.

Commenting on the appointment, 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.”

Quay’s joint portfolio managers and co-founders, Chris Bedingfield and Justin Blaess, 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 and we are delighted to partner with them.”

Bennelong Funds Management’s Institutional Distribution Executive, Jeremy Crowley, said, “The Australian market has been a key focus for Quay, and the business is excited to partner with Avant”.

“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.”

Founded in 2013, Quay is a boutique asset manager focused on the preservation of capital and creation of wealth through innovative strategies in real estate securities. 

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