Wednesday, 16 May 2018 On Thursday the 10th of May, the Placer Property Team attended Money Management's Fund Manager of the Year awards in Sydney. Assessed by Lonsec, the awards recognise managers who have performed significantly well against the benchmark within their category. In coming up with the list of finalists, Lonsec assesses fund managers on a number of factors, with the people and the investment process they employ being one of the more heavily weighted factors. Only fund managers that receive a ‘recommended’ or higher rating are progressed. Placer Property's NewActon East Property Fund in Canberra was nominated under the Direct Property Category ranking it in the top three in the industry. Placer's $50 million New Acton East Property Fund was up against AMP Capital Wholesale Australian Property Fund ($1.88 billion FUM ) and Australian Unity Healthcare Property Trust ($1.55 billion FUM). Although Australian Unity was eventually announced as the winner of the category, we are pleased to have Placer Property recognised as a finalist in the category which is a testament to the professionalism and experience of the team.