Cohen & Steers, Inc. (NYSE: CNS), a leading real assets specialty manager, announced today that Thomas Bohjalian, Executive Vice President and Head of U.S. Real Estate, will retire effective June 30, 2021, after nearly two decades with the firm. Tom Bohjalian will be succeeded as Head of U.S. Real Estate by Jason Yablon, Senior Vice President and Senior Portfolio Manager.
Jason Yablon has been a critical part of the U.S. REIT team and worked closely with Tom Bohjalian for 16 years. The firm's flagship Cohen & Steers Realty Shares has performed in the top quartile for the 1, 3, 5, 10 and 15 year periods ended September 30, 2020, among 255, 240, 232, 197 and 173 U.S. Open-End and U.S. Exchange Traded Fund Real Estate peers respectively, according to Morningstar, and has outperformed its benchmark on a 1, 3, 5, 10 and 15-year basis (view fund performance here). Jason Yablon has served as the lead portfolio manager for the strategy over the past three years. Jason will report to Jon Cheigh, Chief Investment Officer and Head of Global Real Estate, as part of this transition.
Robert Steers, CEO, and Joseph Harvey, President, said:
Tom has been an integral part of the firm's investment team and culture. We appreciate all he has brought to Cohen & Steers over the past 18 years, and we wish him the best as he enters this next chapter. We also congratulate Jason Yablon on his well-deserved promotion to lead the U.S. REIT team. Anyone who has had the opportunity to work with Jason can attest to his skills as a leader, mentor and alpha-generator.
Jon Cheigh, CIO and Head of Global Real Estate, said:
It has been a privilege, both personally and professionally, to work alongside Tom for many years as we've established the largest global investment team dedicated to real estate securities. His leadership has been key to developing our well-tenured next-generation of investment talent, which we believe is critical to generating consistent alpha for our clients over the long term. Jason was identified as Tom's eventual successor several years ago, and his consistent contributions to the investment team and the U.S. REIT research process has only strengthened our confidence in his ability to lead the U.S. team and mentor our emerging talent.
Cohen & Steers also announced that, effective November 30, 2020, Mathew Kirschner, Senior Vice President and Portfolio Manager for U.S. REITs, will be added as Portfolio Manager to the following open-end funds:
- Cohen & Steers Realty Shares (CSJAX, CSJCX, CSJIX, CSJRX, CSJZX, CSRSX)
- Cohen & Steers Real Estate Securities Fund (CSEIX, CSCIX, CSDIX, CIRRX, CSZIX CREFX)
- Cohen & Steers Institutional Realty Shares (CSRIX)
Mathew joined Cohen & Steers' U.S. REIT team 16 years ago, where he has focused primarily on managing the firm's U.S. REIT sub-advisory relationships and closed-end funds, and has been a key contributor to the team's strong performance.
Website: https://www.cohenandsteers.com
Symbol: NYSE: CNS, RQI, RFI, RNP
About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
