East Sussex increases UK property asset allocation
Schroder Property Multi-Manager is pleased to announce a further investment from East Sussex Pension Fund of £24.5 million
Schroder Property Multi-Manager is pleased to announce a further investment from East Sussex Pension Fund of £24.5 million. The Fund provides retirement benefits for County Council employees, but members also include neighbouring borough and district councils, universities, colleges and public authorities.
On behalf of its client the Schroder Property Multi-Manager team will invest in a combination of core and sector specialist funds across the UK. Schroders’ Property Multi-Manager business was launched in 1997 and manages approximately £2.6 billion of assets (30 June 2013). Schroders has a long relationship with local authority pension fund clients.
Graeme Rutter, Head of Property Multi-Manager, Schroder Property commented:
“We are delighted that East Sussex Pension Fund has made a further significant allocation to their property portfolio. Their actions, and those of other existing clients, suggest confidence in an improving property market and provide backing to our investment strategies and fund selection process.
“Schroders property multi-manager has delivered strong relative returns since the beginning of our mandate in 2010. Investments in Central London offices, alternative property sectors and outperforming core funds have been the main drivers of returns.”
Lyndon Bolton, Client Director, Schroders commented:
“We have a long and well established relationship with East Sussex County Council. We are very pleased to be working with them on this extended mandate.”
For further information, please contact:
Estelle Bibby, Senior PR Manager, Schroders
+44 (0)20 7658 3431 / +44 (0)7770 496163 firstname.lastname@example.org
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Schroders has managed property funds since 1971 and now has £10.6 billion (EUR12.4 billion/$16.1 billion) of gross property assets under management (at 30 June 2013).
All of the property funds referred to are unauthorised collective investment schemes as defined in the Financial Services and Markets Act 2000. Promotion of these funds is restricted and access to full information about these funds is only available to those exempt from the restriction.
For further information about Schroders’ property business visit www.schroderproperty.com
Schroders is a global asset management company with £235.7 billion (EUR275.0 billion/$357.5 billion) under management as at 30 June 2013. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate from 34 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.
Issued by Schroder Property Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.