Brookfield Public Securities Group LLC announced the impending promotions of four senior members of the real estate investment team to comanager on the Brookfield Global Listed Real Estate fund, effective June 30, 2022. The announcement comes on the heels of former longtime comanager Jason Baine’s departure from the firm in late April 2022. The four comanagers will join firm veteran Bernhard Krieg, who has managed this strategy since its November 2011 inception. These changes do not affect the strategy’s Average People Pillar rating and Morningstar Analyst Rating of Neutral.
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BLRYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the BLRYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of BLRYX’s parent organization’s priorities and whether they’re in line with investors’ interests.