Massachusetts Pension Reserves Investment Management Board (MassPRIM) has hired Presima to invest US$100m in global real estate investment trusts (REITs).
MONTREAL, Feb. 22, 2016 /PRNewswire/ - Presima is pleased to announce that it has been selected by the Massachusetts Pension Reserves Investment Management Board (MassPRIM) to manage a portfolio of global real estate investment trusts (REITs). The manager selection was approved by the Board of MassPRIM on December 1, 2015 and the portfolio was fully invested on February 19, 2016.
Presima is a specialist boutique focused exclusively on global real estate securities. The firm constructs concentrated, high active share portfolios for its clients.
"MassPRIM is renowned for its innovative, high-performing investment strategies. Presima is honored to have been selected and we look forward to serving the Commonwealth," said Peter Zabierek, CEO of Presima.
The Massachusetts Pension Reserves Investment Management ("PRIM") Board is charged with the general supervision of the Massachusetts Pension Reserves Investment Trust ("PRIT") Fund. The PRIT Fund is a pooled investment fund that invests the assets of the Massachusetts Teachers' and State Employees' Retirement Systems, and the assets of county, authority, district, and municipal retirement systems that choose to invest in the PRIT Fund. PRIM's mission is to provide a professional investment service that maximizes the return on investment within acceptable levels of risk by broadly diversifying its investment portfolio, capitalizing on economies of scale to achieve cost-effective operations, and providing access to high quality, innovative investment management firms, all under the management of a professional investment staff and members of the PRIM Board and its Committees.
Presima is a specialist boutique focused exclusively on global real estate securities. The firm constructs concentrated, high active share portfolios for its clients. Presima has established a hard capacity limit so the firm can remain small and nimble and continue to outperform for its clients. Presima believes the firm's "one team, one portfolio, one location" approach ensures consistency in the investment process and that only the best ideas make it in the portfolios. Presima is focused on serving an institutional client base and is proud to count as clients some of the most sophisticated institutions in Australia, the United States and Canada.
SOURCE Presima Inc.