EUROPE - Schroder Property has introduced a new equities management capability in a bid to capture what it sees as increasing demand from investors for European exposure.
Schroder Property intends to expand its fund of funds service into continental Europe, combining the existing team’s track record in the UK market with pan-European experience brought in by new recruit John Hammond.
Formerly a fund manager at Henderson Investors, Hammond will now serve as property equity analyst and will help to manage client investment in this area. He was also head of European real estate research at ABN Amro.
Bill Hughes, deputy managing director, said: “We believe that the benefits from investing in property shares alongside unquoted property products and direct property will enable us to deliver enhanced risk adjusted returns to those investors looking for a wider allocation to property related investments.”
Schroders has an existing £300m UK property fund of funds business managed by Jenny Buck, which will have the option of investing in property equities alongside unlisted pooled vehicles. using an active strategy .
“With property markets across Europe being driven by local supply and demand this will allow clients of Schroders to benefit from numerous opportunities to supplement UK only investment returns and to provide a further layer of diversification,” said Schroders.
Schroders is a member of European Public Real Estate Association (EPRA) and also the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
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