Article date: 7 November 2006
Morley, Europe’s largest property fund manager* hasappointed James Cooksey to the position of fund manager in itsMulti Manager business as an internal promotion.
Nick Mansley, property strategy & indirect investment directorat Morley Fund Management, said: “Our pan-European securitiesand multi-manager business is in an exciting growth phase right nowwith the team having just expanded and business growing to over€3 billion in assets under management. Morley has been rankednumber one for the last two years by size and number of indirectvehicles out of 368 players in the UK market.**
“We are delighted to be able to promote James to this role.He comes with over ten years’ experience of both direct andindirect fund management and most recently has been managing a fundwith a substantial indirect exposure for Morley. We are activelyrecruiting for a replacement for his previous role.
“The boundaries between unlisted and listed indirect propertyinvestments are becoming increasingly blurred, notably by thegrowth of REITs, and clients are looking for pan-European‘best ideas’ that look across the indirect investmentspectrum. We are committed to growing this part of our business andto continuing to deliver strong performance and top investmentproducts to our clients.”
James Cooksey joined the investment industry in 1996 joining Morleyin October 1999. Upon joining the firm (as Norwich Union) heoriginally worked in what is now the Morley Pooled Pensions Fund asan asset manager. Subsequently he worked as an assistant fundmanager on Norwich Property Trust for nearly five years.
Morley also recently hired Paul van de Vaart from ABP(Europe’s largest pension fund) where he was responsible for€4.5 billion of property securities, to lead Morley’sreal estate securities capability. Morley also recently hired ZoeCollier as an analyst for the team.
* Oxford Property Consultants, 31 December 2005
** Source: Property Funds Research (published in Estates Gazette,28 October 2006)
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Notes to editors:
Morley Fund Management
The Morley property teammanages in excess of €39bn of UK and European propertyassets, making Morley the largest property fund manager in Europe*.Morley Fund Management Limited is the UK-based asset managementbusiness of Aviva plc. Firms within the Morley group of companiesmanage £162bn from offices around the world as at 30 September2006.
- 2006, Outstanding Company of the Year Award, CEE Real EstateQuality Awards
- 2006, Investor of the Year Award, CEE Real Estate QualityAwards
- 2006, Property Fund Manager of the Year, Pensions ManagementAwards
- 2006, Property Fund Manager of the Year, Property WeekAwards
- 2006, Best Performing Insurance Company Life Fund, IPF/EstatesGazette Property Portfolio Performance Awards (three years >£1bn)
- 2005, UK Pensions Awards Property Manager of theYear
- 2004, Property Week Fund Manager of the Year Award
- 2003, Property Fund Manager of the Year, Pensions ManagementAwards
The property team consists of over 70 investment professionalsand manages a range of funds on behalf of institutional, pensionand retail clients. Morley has been at the forefront of innovationin property fund management and has launched eleven specialistsector based funds with partners, including: Igloo RegenerationFund, Quercus Healthcare Property, The Junction and The Mall.
Further information about Morley Fund Management can be found atwww.morleyfm.com or www.morleyproperty.com