GREENWICH, Conn.--(BUSINESS WIRE)--AMG Funds, the U.S. retail distribution arm of global asset management company Affiliated Managers Group, Inc. (NYSE:AMG), today announced that the AMG Managers Real Estate Securities Fund (MRESX) has received a 2016 Lipper Fund Award in recognition of its strong risk-adjusted performance relative to peers. The AMG Managers Real Estate Securities Fund was named best fund in the Real Estate category for the ten-year period ended November 30, 2015. The Fund is sub-advised by CenterSquare Investment Management, Inc. ("CenterSquare"), an asset manager focused on listed real estate, private real estate and listed infrastructure investments.
“Our business model provides investors with access to funds managed by top quality sub-advisers with decades of experience,” said Jeffrey Cerutti, CEO of AMG Funds. “This award reflects outstanding collaboration with CenterSquare, as well as our commitment to delivering strong risk-adjusted performance to real estate investors.”
The Fund seeks income and long-term capital appreciation from a portfolio of U.S. real estate securities, including real estate investment trusts ("REITs"). Employing a value-oriented approach, the Fund’s investment strategy has utilized a five-point bottom-up research process, combined with top-down macroeconomic market analysis.
“CenterSquare has executed a consistent U.S. REIT investment process for over 20 years, with a focus on relative value and consistent alpha generation,” said Dean Frankel, global co-head of real estate securities at CenterSquare Investment Management. “We're proud of that legacy, and of our long-standing partnership with AMG Funds.”
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global collection of awards celebrating exceptional performance throughout the investment community. The Lipper Awards honor mutual funds, hedge funds, and fund management firms that have delivered stronger and more consistent performance than their peers. Using a proprietary quantitative fund rating methodology, the Lipper Awards are performance based and objective.
About AMG and AMG Funds
AMG is a global asset management company with equity investments in leading boutique investment management firms. Through AMG’s innovative partnership approach, each Affiliate’s management team retains ownership of significant equity in their firm while maintaining operational and investment autonomy. As of December 31, 2015, AMG’s aggregate assets under management were approximately $628 billion, pro forma for investments which have since closed.
AMG Funds LLC is the U.S. retail distribution arm of AMG. AMG Funds provides access to premier boutique asset managers through a unique partnership wherein the investment managers remain truly independent. AMG Funds is not beholden to a single investment approach or a single manager in delivering quality investment solutions. This innovative approach leverages the independent manager’s specific expertise to deliver products that cover the complete asset class spectrum. AMG Funds offers unmatched access to specialized investment expertise by delivering the talents of independent management teams under a consolidated platform.
A Lipper Fund Award is awarded to one fund in each Lipper classification for achieving the strongest trend of consistent risk-adjusted performance against its classification peers over a three, five or ten-year period.
Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities. Thompson Reuters Lipper is an independent mutual fund research and rating service.
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings.
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