TR looks for manager to hire within two months

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The board of TR Property Investment Trust is hoping to appoint its new manager in the next two month...

The board of TR Property Investment Trust is hoping to appoint its new manager in the next two months. The company, which has net assets of £391m, put Henderson Global Investors, which also has a 9.1% stake in the trust, on notice earlier this year following the resignation of the trust's manager Chris Turner and his deputy Marcus Phayre-Mudge. Company chairman Alistair Ross Goobey said: "We are sifting through the many applicants for this role and have asked Hendersons to make a proposal. "It is possible that a decision on a new management contract will have been made in time for the A...

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