A trio of AXA managers have joined Royal London Asset Management (RLAM) as the group brings in-house a £1.6bn property portfolio it has acquired since taking over the Co-operative Asset Management.
‘Better economic performance is the biggest threat to investors’
Rathbones' David Coombs has bought into commercial property for the first time, seeking to avoid the usual pitfalls by utilising a number of less mainstream options and closed-ended vehicles.
Skagen has lost a member of the team running its property fund, while seeing a new addition to its Nordic and global equity desk.
Multi-managers are continuing to turn to commercial property as they seek to combine capital growth with new income streams.
Jupiter's John Chatfeild-Roberts and team have added a commercial property play as well as funds from Invesco Perpetual and Majedie as part of the latest changes to their Merlin multi-manager portfolios.
Kames Capital is set to launch its first Property Authorised Investment Fund (PAIF) on Friday, to be co-managed by David Wise and Alex Walker.
The top-performing Schroder Real Estate investment trust has launched a £40m cash call to shareholders in order to support a series of acquisitions across the property sector.