Kames Capital will strengthen its property fund management proposition by recruiting part of a leading specialist property multi-manager team from ING REIM.
The move marks Kames Capital’s first major announcement since it rebranded from AEGON Asset Management last month and is consistent with the business’s stated strategy of building scale in the selected specialisms it offers in the third party marketplace, namely property fund management, fixed income, UK equity and multi-asset investing.
Mark Bunney, Matt Day and Tony Yu join Kames from the ING REIM UK team that is responsible for more than £2billion assets including the Osiris Property Fund, one of the biggest real estate fund of funds in the UK, as well as a number of other institutional mandates.
Bunney and the team have over 30 years experience and will join Kames Capital’s existing property fund management team headed by Phil Clark. The Kames Capital team currently run a number of funds including the Kames Active Value Fund and the Kames Target Healthcare Fund which specialises in high-end care and acute nursing care facilities.
Reporting to Kames Capital’s head of property investment Phil Clark, the new team will work with the existing team in supporting and developing a comprehensive range of indirect property investments.
Kames Capital chief executive Andrew Fleming says: ‘These appointments mark a major milestone in the evolution of Kames Capital. Mark and his team are recognised as leaders in the field of property investment fund of funds and their appointment is consistent with our strategy of building scale in our chosen investment specialisms which includes property.’
Clark says: ‘Capturing such a well respected team, who are among the leaders in the property fund of funds market is an outstanding addition to our business and I am looking forward to working with Mark and the team as we look to enhance our indirect property proposition.’
Source : Kames Capital
