Allocating responsibility

Article Abstract:

Asset managers must take into account many different factors when dealing with the property element of a mixed-asset portfolio. Decisions must be made about whether to select industrial, retail or office property, and about which specific buildings within the selected area meet the specified risk/return criteria. In many cases, responsibility for the day-to-day running of property portfolios is being transferred to surveying practices, which have welcomed the fee income which this work brings.

Analysis, Portfolio management

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Mortgage securitisations build residential business

Article Abstract:

Rotch Property is a UK firm moving into residential mortgages. The company is setting up a securitisation vehicle to expand its business. An agreement has been made with NatWest for setting up a pool of 50 million pounds sterling for mortgages for the sefl-employed who use trading records rather than more commonly used means to prove their income. Bonds will be issued, and an insurer will underwrite interest due to the higher risks involved in this activity.

Management, Rotch Property Group Ltd.

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HBH seeks new man for board as non-exec quits

Article Abstract:

Richard Westcott has left the board of Herring Baker Harris (HBH), a UK real estate company. The company is seeking a replacement for Westcott with a background in finance. Westcott had over 20 years experience in banking when he joined HBH. Westcott's departure is not due to clashes over management styles, according to Nick Owen, chairman of HBH, but due to Westcott's desires to pursue other interests. Westcott is also a director at Fairview New Homes.

Officials and employees, Appointments, resignations and dismissals, Wescott, Richard, Herring Baker Harris

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