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Article: Cohen & Steers is pushing beyond REITs.(News)(real estate investment trusts)
- Article from:
- Pensions & Investments
- Article date:
- August 8, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Bruno
NEW YORK - One year after becoming a publicly traded company, real estate specialist Cohen & Steers Inc. is expanding outside of its comfort zone.
The firm, which manages $18.5 billion in worldwide assets, about $14 billion of which is largely in U.S. real estate investment trust-related strategies, has begun broadening its investment capabilities beyond real estate and beyond the United States.
The goals, said Martin Cohen, co-chief executive officer, are to diversify its business and lure more institutional money to the 19-year old shop.
Within the past month, the firm has established its first traditional ...