Henderson Global Investors Announces Closing of AUB Manager of Partners Fund I, LP.CHICAGO -- Henderson Global Investors, the investment management company, today announced the closing of the Ahli United Bank (AUB AUB Auburn (University) AUB Alstublieft (Dutch: please) AUB American University of Beirut (Beirut, Lebanon) AUB Abnormal Uterine Bleeding AUB Ahli United Bank ) Manager of Partners Fund (US) I, LP at $40.7 million. The AUB Manager of Partners Fund is a direct property fund targeting office buildings in select markets. Henderson Global Investors will manage the fund, and has partnered with a public office REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). to assist in the property acquisition efforts. "We're delighted to announce this fund's closing and the beginning of the property acquisition phase," said Charles H. Wurtzebach, Ph.D., Managing Director, North America, and Property CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. . "We firmly believe the real estate market in the U.S. continues to offer significant advantages to investors looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the portfolio diversification Portfolio diversification Investing in different asset classes and in securities of many issuers in an attempt to reduce overall investment risk and to avoid damaging a portfolio's performance by the poor performance of a single security, industry, (or country). and price appreciation property investments can provide." The AUB Manager of Partners Fund is directed at institutional and high net worth investors looking for the portfolio diversification an investment in office space can provide. The properties targeted by the fund are expected to generate high income yields combined with prospects for value appreciation. "The strategic alliance between Ahli United Bank and Henderson Global Investors provides our clients with unique real estate investment opportunities. We look forward to expanding our relationship with Henderson and its Manager of Partners program," said Chris Allen, Head of Real Estate Fund Management for Ahli United Bank. Henderson's Manager of Partners Program employs a discrete, defined process to evaluate partners on a qualitative and quantitative basis. The program combines the specialized, entrepreneurial skills found in real estate operating companies with the discipline and structure of institutional investors. Without limitations to investment style or sector, Henderson is able to access a range of strategies that comply with the stringent requirements of institutional and high net worth investors. After completing several rigorous levels of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. by Henderson's internal real estate experts, companies are ultimately included in Henderson's proprietary Manager of Partners Program database. By leveraging Henderson's internal resources, institutional clients benefit from the company's access to unique real estate operators. About Henderson Global Investors Henderson Global Investors is a leading investment management company, providing a wide range of investment products and services to institutions and individuals in Asia, Europe and North America. Henderson manages over $132.7bn (as of December 31, 2004) in assets and employs approximately 900 people worldwide. Henderson Property Henderson has been managing property assets for more than four decades and has over $10.8 billion (as of December 31, 2004) of property assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. globally in the form of segregated mandates, pooled funds, both balanced and sector specialist, for direct property as well as property securities funds. This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. |
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