Henderson Global names new head of 150m property fund

HENDERSON Global Investors has named Cameron Fraser as head of its &pound;150m institutional UK property fund, replacing Ludo MacKenzie who is jumping ship to become a partner at rival property fund Melford Capital Partners.<br /><br />Fraser is joining from CBRE Investors, where he was manager of the Unilever account and oversaw the growth of its fund from &pound;300m to &pound;500m in just three years.<br /><br />The 15-year old Henderson UK Property fund, which is based in Jersey for tax reasons, has outperformed rival funds that follow the same benchmark for the last five years in a row. <br /><br />Commenting on his appointment, Fraser said there were both challenges and opportunities in real estate markets currently.<br /><br />&ldquo;I believe Henderson is extremely well placed to turn those to its advantage and that of its investors,&rdquo; he added. <br /><br />Henderson, which took over New Star Asset Management&rsquo;s retail property funds when it bought the group earlier this year, launched a separate institutional property fund earlier this week, and is looking to raise &pound;500m to buy up London offices at bargain prices.