Henderson Global Investors has boosted its global property equities team with the launch of a North American unit.
Bob Thomas, who joined the firm in August, will head the new division and will be based in the firm’s Chicago office.
Henderson also hired two staff from Brookfield Investment Management for the new team.
Greg Kuhl will join the North American team as portfolio manager. At Brookfield Investment Management he was running the firm’s real estate and global long only and long-short funds.
His Brookfield colleague Mike Engles will work as an analyst for the team.
The three new hires will join the existing global fund managers Guy Barnard and Tim Gibson.
Henderson’s co-head of global property equities Tim Gibson says: “Hiring quality people to help develop our global offering is intrinsic to our success, and we are happy to be in a position to attract high calibre managers such as Bob and Greg.
”They both have strong reputations, excellent track records and high conviction, bottom-up driven investment processes that are aligned to our own. ”
Since 2007, Harrison Street Securities has been in charge of Henderson’s real estate portfolio in the the North America region but now the unit will be also brought in-house.
Henderson head of equities Graham Kitchen says: “As a truly global business, and with recent acquisitions in the US developing our in-house equity expertise, it is a logical step to bring the management of North American property equities in-house.
”Not only do we believe this best serves clients in the existing global funds, but it also enables us to further develop the franchise and product offering in the future.”