Deutsche appoints new property exec
Deutsche Asset Managementhas appointed Peter Cashmore as senior portfolio manager for the Deutsche Paladin Property Securities team.
Cashmore will join the group at the end of the month fromCitigroupSmith Barney, where he was a senior listed property trust analyst. He replaces portfolio manager David Sullivan, however in a more senior role.
“This appointment comes at a time when we have just ended the financial year in a very strong position, finishing in the top quartile of performance for LPT managers over the last twelve months,” says head of the Paladin team Andrew Stubing, who Cashmore will report to.
Senior portfolio manager Mark Ferguson completes the three man team, which manages over $1.1 billion in property securities, including $630 million in the Deutsche Paladin Property Securities Fund.
“Peter brings over 15 years of direct property experience, as well more recent experience as an analyst in the listed property market. This combination was critical to his appointment, with his direct property experience blending well with the existing team. The combined investment experience of the team now exceeds 40 years,” Stubing added.
This Deutsche Paladin Property Securities Fund achieved aMorningstarstar rating of five as at the end of May.
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