Perennial launches global listed property fund

The Aussie boutique manager lures Colonial First State team to run two real estate funds.

Jumping aboard the listed real estate bandwagon, Australian manager Perennial Investment Partners is adding a property fund to its group of boutique investments. The fund, which is aiming to raise millions in its first round, will invest in global listed property securities.

The business is to be run by Stephen Hayes who has enticed the entire property securities team away from Colonial First State to take up the challenge. Hayes was head of CFS's property outfit for eight years and brings with him five other portfolio managers, three of those based in Sydney and one each in London and New York.

Tuan Pham is the portfolio...

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