Tilney rebrands property fund

Tilney Investment Management is to start marketing the British Real Estate Fund from August as a more aggressive version of the £370m Glanmore Property Fund. The British Real Estate Fund is the new name for the £22m Acre Property Fund, which had only been marketed internally for the last three years since its launch in June 2001. The Acre fund returned 8.36% in the 12 months to end of March, compared with 8.26% for the Glanmore fund, net of charges. The British Real Estate fund will be more highly geared, at two to one debt to equity, than the Glanmore fund and also take an active invol...