Aurora Funds SPC has appointed international asset management company Forsyth Partners to manage its new Cayman domiciled Global Property Fund.
The Fund will be actively managed by Forsyth Partners who will make fund selections for investment through their own comprehensive fund analysis, which encompasses a blend of both qualitative and quantitative research.
The Fund 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 whilst utilising the expertise of underlying managers. The portfolio is also designed to have good liquidity and includes funds such as the Henderson HF European Property Fund and the Morgan Stanley SICAV Europe, Asia and US Property Funds.
David Ball, Director of Aurora, said, “We are delighted Forsyth Partners has taken on the role of investment manager for our new Global Property Fund. We wanted a fund that could provide access to the property market on a global scale and Forsyth Partners can deliver this for us.”
The Fund’s manager Jackie Beard said, “The opportunities in global property remain exciting and we pride ourselves on having access to the best managers in this area. We’re delighted Aurora has entrusted us with the responsibility of running their new Fund. We look forward to continuing to develop our existing relationship with Aurora.”
By using a combination of Forsyth Partners’ investment management and advisory experience and Aurora’s distribution capabilities, the Fund will be available exclusively to Aurora’s institutional clients and intermediaries.
The Fund will trade weekly and offers both GBP and Euro share classes with a minimum investment of GBP 5,000, or 10,000 Euro, and subsequent investments of GBP 2,500 or 5,000 Euros. The annual management fee is 2.5%.
About Forsyth Partners
Forsyth Partners has over USD 1.8 billion in a range of Forsyth funds and managed accounts and advises on around USD 2 billion in advisory contracts. With clients extending to over 600 companies in more than 55 countries, it has offices in the UK, Zurich, Sofia, Cape Town, Hong Kong, Seoul, Taipei, South America as well as Dubai.
Forsyth Partners’ range of international offshore funds allows access to the complete range of asset classes including equities, fixed interest, hedge, property and commodities. Forsyth Funds plc has two umbrellas; under the Forsyth Managed Selection Series the fund range includes international equity and bond funds. All are managed on a fund of funds basis. The Forsyth Tailored Selection Series includes single manager funds and at present contains Forsyth Lodsworth Global Emerging Market Debt Fund and, in time, will hold other single manager funds.
Forsyth Partners also manages a full range of hedge fund of funds as well as the multi asset class Forsyth Managed Strategies series.
About Aurora Funds SPC
The Global Property fund is the second Aurora fund, following the launch of the Aurora Balanced Managed fund in August 2005 which is also managed by Forsyth Partners and has returned 16.5% to date.
The research and analysis used in this release are gathered by Forsyth Partners for its use as an investment manager and may have already been acted on for its own purposes. Unless otherwise stated, all views expressed are those of the Forsyth Partners organisation. Forsyth Partners only gives information about its own products and services and does not provide investment advice based on individual circumstances. This document is issued by Forsyth Partners Limited, which is authorised and regulated in the conduct of investment business by the Financial Services Authority in the UK. Performance should not be viewed as a guide to future performance. The price of shares/units and the income from them can fall as well as rise and the value of an investment can vary upwards or downwards depending on exchange rate movements. The provision of this communication and information contained therein shall not be construed as engaging in any regulated activity as defined in the Securities and Futures Ordinance of Hong Kong.
Forsyth Partners Ltd, 94 Park Lane, Croydon, CR0 1JB, UK Tel: + 44 20 8649 9440 / Fax: +44 20 8406 1632 / www.forsythpartners.com
© 2007 Forsyth Partners Limited
