The modern portfolio manager remains responsible for setting investment strategy and serving as a “steady pair of hands” in difficult moments, attendees heard at NAREIM’s Portfolio Management meeting held in New York City last week.
But the role is expanding, encompassing more client interaction, reporting responsibilities, knowledge transfer, and significantly more travel than in years past.
“Part of the role is also therapist. It’s explaining that real estate is a cycle and talking folks off the ledge, both colleagues who are less seasoned and investors.”
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