Kames Capital has won a £22 million mandate from Nottinghamshire County Council Pension Fund to invest in its Kames Active Beta Property Fund, the first commercial property tracker fund exclusively for UK pension schemes.
The Kames Active Beta Property Fund, run by its Indirect Property Team, utilises an innovative strategy enabling pension schemes to track property market returns with carefully controlled levels of risk by investing in a wide range of underlying property funds.
Commenting on the investment, Tamsin Rabbitts, Senior Accountant, Pensions & Treasury Management at Nottinghamshire County Council Pension Fund, said: “Investing in the Kames Active Beta Property Fund enabled us to quickly raise our weighting to UK commercial property and achieve immediate diversification without the additional governance time associated with appointing more fund managers.”
Stephen Jones, Chief Investment Officer at Kames Capital said: “We are pleased Nottinghamshire County Council has chosen to invest in the Kames Active Beta Property Fund which aims to deliver pension scheme investors with a competitive return at an appropriate level of risk profile for their schemes whilst providing diversification. We believe the fund also offers an efficient solution for LGPS investors who wish to manage their property market exposure through the pooling process.”