Cohen & Steers
Founded in 1986, Cohen & Steers is a leading global investment manager specializing in real assets and alternative income. A pioneer in listed real estate investing, the firm’s expertise extends to listed infrastructure, natural resource equities, preferred securities, and multi-strategy real assets. With $90.9 billion in assets under management, Cohen & Steers has a track record of consistently delivering alpha for its institutional and wealth clients worldwide. The firm’s strength lies in having one of the industry’s largest dedicated teams, with 84 investment professionals averaging more than 20 years of experience.
Fund: Cohen & Steers Short Duration Preferred Income Fund
Why is the Fund a Fund to Watch?:
• With over a decade of track record and powered by Cohen & Steers’ $16bn market leading fixed income team, this unique hybrid credit fund is now available to UK investors
• The fund provides exposure to an underutilised $1.2trn global universe that delivers high current income, low correlation and low sector overlap to traditional IG and HY credit.
• Not only are short-duration preferred a valuable tool in building durable fixed income portfolios, suitable for all interest rate environments, the asset class shows strong relative value today vs both traditional IG and HY.
Speaker:
Fabrizio Palmucci, CFA, Vice President
Fabrizio Palmucci, CFA, Vice President, is a member of Cohen & Steers’ Portfolio Specialist Group, which represents the company’s investment teams in interactions with institutional and retail clients. He has 23 years of experience. Prior to joining the firm in 2026, Mr. Palmucci was with Impactivise, a corporate advisory boutique he founded. Previously, he was a fixed income & multi-asset strategist with Jupiter AM and head of product management at the PIMCO/SOURCE partnership. Earlier in his career he held credit analysis roles at Moody’s Investor Service and Standard & Poor’s. Mr. Palmucci has an Executive MBA from the London Business School is a Chartered Financial Analyst. He is based in London.
Presentation Synopsis:
Short-duration preferreds: Strategic and consistent income
Short duration preferreds offer a compelling fixed income profile, combining elevated and stable income with investment grade credit quality and lower duration risk. By focusing on the front end of the curve, the asset class prioritises income through carry while limiting sensitivity to interest rate movements, historically capturing the majority of category returns with materially lower volatility. This session will examine why issuers continue to tap the subordinated debt market and how these instruments can help investors deliver consistent performance across interest rate and credit cycles. Attendees will gain insight into how short duration preferreds can complement traditional fixed income allocations by enhancing portfolio yield and diversification.
Sales Attendees:
Sean Cooney, Senior Vice President, Head of U.K. Wealth
Sean is responsible for developing strategic relationships and growing market share across the U.K. Wholesale investment landscape. He has 23 years of experience. Prior to joining the firm in 2021, Mr. Cooney was a client director at GAM Investments covering a variety of client segments. Previously, he was a sales manager at Neptune Investment Management and a financial planner at ABSA Bank. Mr. Cooney has a BBSc. from Rhodes University, South Africa and the Investment Management Certificate. He is based in London.
Luke Kariniemi-Eldridge, Vice President
Luke is a member of Cohen & Steers’ EMEA Wholesale Distribution team. He has nine years of experience. Prior to joining the firm in 2021, Mr. Kariniemi-Eldridge worked in business development at Premier Miton Investors. He has a BSc in Economics from Royal Holloway, University of London and is based in London.