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Standard Life Investments expands into Canada

Standard Life Investments (SLI) has expanded its property investment operations into Canada by acquiring the £137m Standard Life Canadian pooled real estate fund.

The fund is currently managed by Standard Life Canada but the investment team of four will transfer over to Standard Life Investments and continue to operate out of its Toronto offices.

The team is headed up by Peter Cuthbert and SLI says the transfer will ensure the continuity of the management of the fund as well as providing SLI with the capacity to take on new mandates and produce new products in the country which is one of the largest global pensions markets.

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