Principal Global Investors (Australia) Limited

About Principal Global Investors (Australia) Limited

Principal Global Investors (Australia) Limited (Principal) offers Australian investors investment management capabilities across a broad array of global asset classes including equity, fixed income, currency and real estate. The Principal global property securities team has significant experience in the management of both property securities portfolios and physical property markets. They serve a number of clients across many industries, sectors, countries and continents and manage portfolios for many leading investors around the world spanning more than 45 countries.

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Funds managed

 

Key personnel

Kelly D. Rush, CFA - Chief Investment Officer, Global Real Estate Securities
As head of real estate securities, Kelly directs the domestic and global real estate investment trust (REIT) activity for Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors. He has experience in both separate account and pooled fund management, and has been managing real estate stock portfolios since 1997. Previously, Kelly was responsible for analyzing and recommending investments in bonds issued of public real estate companies and mortgage loans provided to them. He has been with the real estate investment area of the firm since 1987. Kelly received an MBA in business administration and a bachelor's degree in finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation. Kelly is a member of the Iowa Society of Financial Analysts and the CFA Institute.

Simon Hedger - Managing Director, Real Estate Securities Portfolio Management
Simon is a managing director of real estate securities portfolio management for Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. Based in London, he is responsible for the firm's European, Middle East, and Africa real estate capability in REITs and listed real estate securities. Simon has over 34 years of real estate experience, including extensive time spent in both the United Kingdom and Australia markets. This includes positions both as an analyst and as a portfolio manager. He joined Principal Global Investors in 2003. Previously, Simon worked for Domaine real estate funds, managing the assets of its real estate syndicates. Prior to this, he was a senior equities analyst at Prudential Bache/BNP Equities. His background also includes positions as fund manager for Paladin Commercial Trust and GEM Commercial Property Trust, as well as a variety of real estate related roles with Prudential Assurance Company in both Australia and the United Kingdom. Simon received an MBA from the University of New England and is an associate member of the Royal Institute of Chartered Surveyors, the Australian Property Institute and the FTSE EPRA NAREIT European Regional Index Committee.

Anthony Kenkel, CFA, FRM - Managing Director, Real Estate Securities Portfolio Management
Anthony is a managing director of real estate securities portfolio management for Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. Currently based in Singapore, he is responsible for the firm’s Asia Pacific real estate capability in REITs and listed real estate securities, and has prior experience managing the firm’s Americas real estate capabilities. He also remains active in managing U.S. securities as one of the teams listed U.S. portfolio managers. Anthony joined Principal in 1997. In 2000, he became a real estate consultant for Arthur Andersen before joining GATX Corporation as a senior financial analyst in 2002. Anthony rejoined Principal in 2005 in his current position. He received a bachelor's degree in finance from Drake University and an MBA from the University of Chicago Graduate School of Business. Anthony has earned the right to use the Chartered Financial Analyst and Financial Risk Manager designations.

 

Why Advance selected Principal Global Investors (Australia) Limited

Advance selected Principal due to the manager’s significant experience in the management of both property securities portfolios and physical property markets, their rigorous investment process which combines in-depth research with disciplined portfolio construction and risk controls and the strength of their integrated global team and flexibility given to regional PMs. Additionally, we viewed their smaller size, and ability to tactically enter emerging markets as a positive. Principal’s access to global research and the incorporation of this research into the real estate security analysis and portfolio construction was also viewed as strength.