Aurora Funds SPC has appointed international asset management company Forsyth Partners to manage its new Cayman-domiciled Global Property fund.
It follows a fund of funds approach and aims to capitalise on the continuing growth of industrial, commercial and residential property around the world. It has no strong bias towards the type of property or geographical area and investment decisions will be made from a macro level while utilising the expertise of underlying managers. The portfolio is also designed to have good liquidity and includes the Henderson HF European Property fund and the Morgan Stanley Sicav Europe, Asia and US Property funds.
The fund will be available exclusively to Aurora’s institutional clients and intermediaries. It will trade weekly and offers both sterling and euro share classes with a minimum investment of £5,000, or 10,000 euros, and subsequent investments of £2,500 or 5,000 euros. The annual management fee is 2.5%.
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