Cautious Ferguson ensures liquidity in stressful times

Swip Property Trust manager Gerry Ferguson uses recently acquired powers to ensure constant liquidity in portfolio

The Swip Property Trust has committed some £450m to the market over a five-month period under the stewardship of manager Gerry Ferguson. He talks to Asset.tv about his outlook for the rest of 2010, why he remains cautious, and how he is using recently acquired investment powers on the trust to try and ensure he can maintain liquidity in the portfolio at all times. What have been the major changes or influences in the UK property market in the first part of 2010? The main changes really flow from what happened over the last quarter of last year, 2009, when we saw a dramatic increase o...