F&C to add property funds to IMA sectors

F&C is in discussions with the IMA to add its Real Estate Securities and Real Estate Equity Long/Short funds to the IMA Property and Absolute Return sectors sectors respectively.

The £49m F&C Real Estate Securities fund - co-managed by Marcus Phayre-Mudge and Alban Lhonneur since April 2010 - would be added to the IMA Property sector imminently, with the Real Estate Equity Long/Short fund moving to the IMA Targeted Absolute Return sector. Rob Thorpe (pictured), head of UK sales-retail and wholesale at F&C, said the move would help promote the F&C Property brand to consumers. He said: "Previously the F&C Real Estate Securities fund was largely wholesale and they were unconcerned with the IMA sectors. But now we can provide the IMA with the relevant data we are ...