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Schroders creates global property securities team
by Eleanor Lawrie on Jul 02, 2014 at 11:01
Schroders has hired a group of fund managers and analysts as it brings management of its £1.2 billion property team in-house.
AMP Capital's Tom Walker, who was deputy head of global listed real estate, and Hugo Machin, head of European listed real estate, both join the newly-established global property securities team.
Ben Forster will also transfer as a fund analyst from the Schroder Property Multi-Manager team where he has worked for seven years. Meanwhile a yet to be named fund analyst with seven years’ property securities experience and will join the team in August.
The GPS team will report to Neil Turner, head of indirect property investment, and will work closely with Schroders’ existing GPS specialists based in Asia and North America.
The team will take on the investment management of the Schroder Global Property Securities fund, the Schroder Global Property Income Maximiser fund and Schroder ISF Global Property Securities fund from EII Capital Management from 15 August.
Schroders has also been appointed manager of the listed trust 'Investors in Global Real Estate,' and subject to shareholder approval, the Trust will change its name to Schroder Global Real Estate Securities.
'Global property securities is a strategically important market to Schroders and the establishment of this new team is a significant development for us. Investors increasingly understand the benefits of diversification and increased liquidity that can be gained by including global property securities within their property allocation,' Duncan Owen (pictured), head of Schroder property said.
'We welcome Tom and Hugo to the team and we look forward to continuing to work with our partners EII Capital Management on existing segregated client mandates.'
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