CNS AR22 Digital - Flipbook - Page 9
TO OUR SHAREHOLDERS
Change can be
challenging. Yet we
have learned through
experience over many
cycles that change
creates opportunity.
2022 marked one of the biggest macroeconomic regime shifts
the firm has seen in 35-plus years of investing.
Our employees around the globe returned to the office, gradually
but successfully, after nearly two years of navigating the pandemic.
Significant new capabilities were added, including the firm’s first
private real estate fund. And the firm’s leadership transitioned
to a new chief executive officer, culminating a multi-year
succession plan.
The asset management industry continued to evolve amid
changing client needs, increasing regulations, and the growing
adoption of alternatives and real assets. Investors’ asset
allocation decisions have continued to shift because fixed
income yields have become more attractive and as a result of
market dynamics, including the relationship between private
and listed markets.
Such significant change can be challenging. Yet we have
learned through experience over many cycles that change
creates opportunity.
Joseph M. Harvey
Chief Executive Officer
and President
Robert H. Steers
Executive Chairman
Martin Cohen
Chairman
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