Fiona Rowley has announced she is stepping down as co-manager of the currently suspended M&G Property Portfolio, following 27 years at M&G Real Estate.
As per the succession plan, Rowley will hand the reins to co-manager Justin Upton, who has worked alongside her over the past eight years, while James Mieville will remain as the fund's investment specialist. BMO Property Growth & Income reopens Trading in the fund and its feeder fund has been suspended since December 2019 when it was shuttered due to "unusually high and sustained outflows", which the firm attributed to "Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector". A statement from M&G said the fund "will reopen once cash levels have ...
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