A 35-year-old asset manager's team is celebrating a big anniversary for a big fund.
Yesterday, Bob Steers
, co-founder and CEO of Cohen & Steers
], and Jason Yablon
, senior portfolio manager and head of U.S. real estate, trumpeted
that the Cohen & Steers Realty Shares Fund
has reached its 30th anniversary. The fund now has $7.5 billion in AUM. (That translates into 7.8 percent of the firm's $96.2 billion in AUM as of June 30.)
Steers and fellow firm co-founder Marty Cohen
launched the fund in 1991. It is now PMed by Yablon, Matthew Kirschner
(SVP), and Jon Cheigh
(executive vice president, chief investment officer, and head of real estate). Steers notes that "REITS were still relatively unknown to most investors" when the fund debuted three decades ago.
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