Gerry Ferguson sees light at the end of the tunnel

Swip property manager expects bricks and mortar market to recover during 2010

As the property market came crashing to a halt in early 2008, Gerry Ferguson, manager of the Scottish Widows Investment Partnership Property Trust, took a more strategic stance. Realising the market was likely to become increasingly illiquid as people attempted to exit the asset class, Ferguson made some quick sales when prices were still reasonable to increase the cash in his portfolio. That move has helped the £880m fund continue to attract inflows and allowed it to hover near the top-quartile mark over one-year. According to Morningstar, it currently sits 12 of 35 funds in the IMA ...