NEW YORK, March 11 /Xinhua-PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that Todd Voigt, CFA, has joined the firm as senior vice president and portfolio manager. He will lead the creation of hedged real estate securities portfolios, including the firm's long/short global real estate securities strategy. Mr. Voigt was previously with Cliffwood Partners LLC, a real estate investment management firm in Los Angeles, where he was the portfolio manager for its absolute return real estate securities hedge fund and was co-manager overseeing the short strategy for its 120/20 real estate securities hedge fund.
"We are seeing increased demand from our clients and real estate securities investors for hedged real estate strategies that can consistently generate superior risk-adjusted returns," said Martin Cohen, co-chairman and co-chief executive officer of Cohen & Steers. "A long/short portfolio management capability will broaden our initiatives in the alternative investment area, and will allow us to capitalize on diverse and increasing investment opportunities in the global real estate securities markets."
"Todd has a strong track record in managing hedged real estate securities portfolios," added Robert Steers, co-chairman and co-chief executive officer of the firm. "This initiative will complement our strong lineup of regional and global real estate securities investment strategies."
About Cohen & Steers. Cohen & Steers is a manager of high-income equity portfolios specializing in U.S. REITs, international real estate securities, preferred securities, utilities and listed infrastructure securities and large cap value stocks. Headquartered in New York City, with offices in Brussels, Hong Kong, London and Seattle, the company serves individual and institutional investors through a wide range of open-end mutual funds, closed-end mutual funds and institutional separate accounts.
This release is for informational purposes only and may not be construed as investment advice or sales or marketing material for any financial product or service sponsored or provided by Cohen & Steers, Inc. or any of its affiliates or agents.
Forward Looking Statements. This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company believes that these factors include, but are not limited to, those described in the "Risk Factors" section of the company's Annual Report on Form 10-K for the year ended December 31, 2006, which is accessible on the Securities and Exchange Commission's website at sec.gov and on the company's Web site at cohenandsteers.com. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
