Property

PF Advisors has launched a closed-ended property portfolio targeting a 7% annual yield over the course of its three-year life.

ML Capital Asset Management has released its quarterly report on the alternatives sector, revealing a spike in interest in global emerging markets and Latin America, as well as a doubling of demand for European long/short products.

Marco van Bussel, co-manager of the top performing First State Global Property Securities fund, has left the firm.

Residential property fund manager Hearthstone Investments has been given a fresh £15m cash injection from Bovis, the FTSE 250-listed group.

First State Investments' head of property securities Andrew Nicholas has left the group to pursue a new opportunity in the industry.

The pace of new housing starts in the US has accelerated to its fastest rate in three years, providing a bright spot for US investors unsettled by weakening macro data.

Henderson Global Investors has acquired French property asset management firm Horizon Investment Management.

The £132m First State Global Property Securities fund has dominated the IMA Property sector over the last five years, being one of only two funds to make a positive return over that period, and has returned 84.5% since 2009.

PROPERTY

Former Close Asset Management executives have launched a property and tax planning investment management business called TIME Investments.