Sir David Frost to back new property fund - papers 6th May

ELSEWHERE IN business news, Sir David Frost is to head a commercial property fund worth up to £500m being launched next week, says this morning’s Times. Presenter of BBC’s Breakfast with Frost is working with Active Asset Investment Management (aAIM), which has already set up a number of property funds with sports personalities, including Sir Alex Ferguson, and Nicholas Cowell, whose brother Simon features in the Pop Idol television shows. Frost has been appointed as chairman of aAim’s advisory panel, for a fund seeking to raise between £10m and £50m of equity. If the company raise...