Richard Peacock has joined Kames Capital as co-manager of the £455m* Kames Property Income Fund
Peacock joined Kames from Aviva Investors where he had worked since 2005, most latterly as a fund manager responsible for the Aviva Investors Pensions Ltd, a £1.2 billion open ended property fund for UK pension schemes.
In his new role, Peacock is co-manager of the Kames Property Income Fund alongside existing co-manager and Kames’ property investment director David Wise. Reporting to Wise, Peacock is responsible for the team behind the Property Income Fund which includes three assistant fund managers; Gregory Beeson, Karen Fox and Ric Tsang.
The Kames Property Income Fund aims to provide income with potential for capital growth through investment mainly in commercial property. The Fund has returned 18.83% since launch in March 2014.**
Kames Capital’s property investment director Wise says: “Looking back over an interesting year for the UK property sector, our team was able to navigate the post-Brexit property shock which saw many of our competitor funds closing their doors to redemptions, whilst our fund remained open.
“Property remains a key focus for Kames in 2017, and we believe that the appointment of Richard and the wealth of experience he brings, combined with that of the highly experienced existing team, will ensure that we are well positioned to continue maximise the opportunities that the sector presents.
“Richard’s appointment also ensures the continuation of the strength and depth of the Kames Active Value property investment strategies which target properties in the £3 million to £20m price range, where pricing is attractive. These assets are often too big for most private buyers, but too small for many bigger fund managers.”
The Kames Property Income Fund has recently been selected for Money Observer’s Rated Funds for 2017. These recognise open-ended funds and closed-ended investment companies that have demonstrated consistent outperformance or that have been chosen as ideal routes into specific markets and sectors, reflecting the current investment environment. More information on Money Observer’s Rated Funds can be found here: http://www.moneyobserver.com/browse-money-observer-rated-funds