Garland issues UK residential property fund

Jersey-based Garland Asset Management, owned by former Goldman Sachs equities trader Janine Daines, has launched a UK Residential Growth fund. It has been positioned to provide institutions and experienced investors with controlled exposure to UK residential property. Daines said the fund, which aims to generate a minimum of 10% growth per annum, can also be used in various tax planning wrappers including offshore portfolio bonds and Sipps. She said: "The fund's ability to purchase housing competitively, in what is a steadily rising market, can significantly add to front-end value. Our...