MacarthurCook Second Annual Art Awards 2008
- 14 February 2008

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MacarthurCook Fund wins Lipper Award
- 14 April 2008

AMEX-listed Asian Pacific Real Estate Fund ranked 1st in 2007

Melbourne, April 7: American Stock Exchange-listed RMR Asia Pacific Real Estate Fund (AMEX Code: RAP) managed by MacarthurCook Limited, has been awarded the prestigious 2007 Lipper Performance Achievement Certificate as the top ranked fund in the real estate classification.

The Fund, which invests in the securities of real estate investment trusts and companies in the Asia Pacific, beat 26 other funds to win the award for the Lipper Closed-End Equity Fund Performance Analysis Service, for the one year period ending 31 December 2007.

The Lipper Fund Awards highlights funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. Performance Achievement Certificates are awarded to those funds whose returns topped their Lipper category over the given time period.

MacarthurCook Managing Director Craig Dunstan said the award win reinforces the Fund’s strategy of investing in Asia Pacific real estate securities.

“The Asian real estate markets are the world’s major real estate growth markets and this fund generated returns of over 40 per cent for its investors in its first year. Despite global credit issues, the weight of population growth alone in Asia will continue to drive internal demand, an important factor contributing to world growth,” said Mr Dunstan.

It was the first venture between Fund advisor, Boston based real estate group RMR Advisors and subadvisor, MacarthurCook Investment Managers Limited, a subsidiary of MacarthurCook Limited, .

“The product was designed to leverage MacarthurCook’s knowledge of the Asia Pacific markets and RMR Advisors’ access to US investment markets to offer US investors direct exposure to this burgeoning growth region. Given the volatility in global equity markets today, we’re pleased that the RMR Asia Pacific Real Estate Fund has posted a total return of 19% to date since its inception in May 2006. The win in the context of this difficult global investment environment is testimony to the skills and expertise of the MacarthurCook and RMR investment teams,” said Mr Dunstan.

One year after the launch of their first fund together, MacarthurCook and RMR Advisors announced the launch of a second fund. The AMEX-listed RMR Asia Real Estate Fund (AMEX Code: RAF), which was launched in May 2007 following the success of the RMR Asia Pacific Real Estate Fund, has also met with strong demand in the US market.

RMR Advisors, an affiliate of Reit Management & Research (“RMR”), was founded in 2003 and is focused on investing in real estate securities, including REITs and other high dividend paying securities. RMR Advisors currently manages seven closed end mutual funds and one open end fund and has approximately US$450 million in assets under management as of 31 December 2007. RMR was established in 1986 as the owner and manager of commercial real estate and currently manages three listed REITs and two publicly listed real estate based operating companies. The funds and companies managed by RMR Advisors and RMR have a total market capitalization of over US$14 billion, as at 31 December 2007.

In 2005, 2006 and 2007 BRW magazine named MacarthurCook as one of Australia’s fastest-growing companies in its Fast 100 list.

The Lipper Fund Awards

The annual Lipper Fund Awards is sponsored by Lipper Inc., a unit of Reuters Group Plc., and is designed to reward funds that deliver consistently strong risk-adjusted performance with selection based on the Lipper Leader rating for consistent return. The Lipper Fund Awards is a global event that occurs in 21 countries across most major continents.

MacarthurCook Limited acquires
33% of New Zealand Fund Manager
- 1 February 2008

MacarthurCook Limited is pleased to announce the acquisition of a third of the equity in New Zealand property fund manager Kinloch Funds Management Limited (‘Kinloch’).

Kinloch is a start-up multi-class funds manager specializing in the management of real estate and real estate securities funds within the New Zealand market. Kinloch was established in May 2007 by experienced New Zealand financial services executives Mr. Neville Todd and Mr. Mark Petersen.

Mr. Todd is the Joint Managing Director of Kinloch responsible for non-property related management activities including strategy and marketing, compliance matters and shareholder relations. Mr. Todd is currently a board member of the New Zealand Securities Commission and a former member of the New Zealand Stock Exchange. He was founding director of Milford Asset Management and former managing director of Salomon Smith Barney in New Zealand.

Mr. Petersen is also the Joint Managing Director and Chief Investment Officer of Kinloch. He will be primarily responsible for property related activities in the areas of strategic acquisitions. Mr. Petersen has over 30 years’ experience in the New Zealand and Australian property sectors, and is a member of the Property Institute of New Zealand. He is currently an independent director of several private companies including CentrePort Limited and the Wellington Waterfront Limited.

Mr. Craig Dunstan, MacarthurCook Limited’s Managing Director said, “The acquisition of an interest in Kinloch expands the activities of MacarthurCook into the New Zealand marketplace and brings a relationship with two of New Zealand’s leading industry executives. We see significant growth potential in the New Zealand savings industry and with it an emergence of new funds that specialize in direct and indirect real estate assets.”

The acquisition complements MacarthurCook’s existing business activities in Singapore and the United States and continues our strategy of expanding our presence in real estate and capital markets internationally.

In 2005, 2006 and 2007 BRW magazine named MacarthurCook as one of Australia’s fastest-growing companies in its Fast 100 list.