While REITs typically demonstrate some interest rate sensitivity and sometimes have a “knee-jerk” reaction down when rates first move up, performance has often rebounded. An improving economy has the potential to dampen the effects of duration risk and interest rate sensitivity, given the increased earnings and dividend growth REITs can produce. The balance of income
Arthur Hurley, CFA, Senior Portfolio Manager
Arthur Hurley is a senior portfolio manager on the income strategies team at Columbia Management Investment Advisers, LLC. Mr. Hurley joined the firm in 2006 and has been a member of the investment community since 1994.
Prior to joining the firm, he was a portfolio manager for Lee Munder Capital Group. In this role, he was responsible for the management of REIT assets for corporate, institutional and high net worth clients. Previously, he served as the lead portfolio manager for the Tuckerman Group, the real estate investment arm of State Street Global Advisors (SSgA). Prior to joining the Tuckerman Group, Mr. Hurley managed portfolios, performed credit analysis and traded corporate bonds for SSgA’s active fixed-income group. He also played a key role in the development and implementation of new products and strategies. He began his career in financial services at State Street Corp.
Mr. Hurley earned a B.A. in finance from the University of Massachusetts. He is a member of the Boston Security Analysts Society and serves on the NAREIT Real Estate Investment Advisory Council. In addition, he holds the Chartered Financial Analyst designation.