European Investors Incorporated

About European Investors Incorporated

European Investors Incorporated (EII) is an asset management firm engaged in structuring and managing portfolios invested in global real estate securities, direct real estate and US general equities. EII is independently owned with over 50 employees, including 11 Principals. The firm is based in New York City with offices in Amsterdam, Singapore and Munich.

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Funds managed

Key personnel

Alfred C. Otero, Managing Director

Alfred joined European Investors in 1996. He is responsible for its US REIT investment activities and is co-portfolio manager of all global REIT accounts.  Prior to joining EII, Alfred was Vice President for Mutual in America Capital Management Corp where he was involved in real estate and venture capital areas.  His work in the real estate area included direct property investments as well as initiating a real estate securities investment program.  From 1989 to 1991 he worked as a financial analyst for Chase Manhattan Bank.  Alfred is a 1992 graduate of the University of Notre Dame with an MBA and a BBA in Finance (1989).

James E. Rehlaender, Managing Director

James joined European Investors in 2000.  He is responsible for the firm’s international real estate investment activities and is co-portfolio manager of all global REIT accounts.  Jim spent a total of twelve years at La Salle Partners where he developed and marketed their REIT investment activities and was intimately involved in many complex real estate project financing, workouts and investment advisory assignments.  Prior to joining European Investors, Jim developed and founded Global Property Advisors with one of the largest German insurance companies. At the outset of his business career Jim was a partner in a venture capital firm and taught classes in real estate at Northwestern University.  He has a BA from the College of William and Mary and an MBA from Northwestern University.

Why Advance selected European Investors Incorporated

We selected European Investors as a high conviction, benchmark unaware manager within the Property Securities portfolio, having managed listed Property Trust investments since 1987. We recognise the value of the team’s broad experience, headed by co-portfolio managers Al Otero and James Rehlaender, who have significant direct and listed property industry experience. We view EII’s portfolio construction process as unique and differentiating, based on a regional approach, allowing it to extract and capitalise on independent market inefficiencies. A key differentiator is EII’s use of different valuation techniques based on the idiosyncrasies of each of these regions. It targets a significantly wider stock universe, which is not constrained by regional indices, increasing the opportunity set for the identification of mispriced securities to add value. In a blended portfolio the manager’s higher tracking error process provides for a greater diversity of alpha opportunities across the global listed property market.