Nottinghamshire County Council Pension Fund has invested £22m (€24.4m) into Kames Capital’s commercial property tracker fund.
The Kames Active Beta Property Fund, which was launched in July last year, enables pension schemes to track the UK commercial property funds market by investing in a portfolio of open-ended balanced funds.
Tamsin Rabbitts, a senior accountant in charge of pensions and treasury management at the £4.9bn Nottinghamshire County Council Pension Fund, said: “Investing in the Kames Active Beta Property Fund enabled us to quickly raise our weighting to UK commercial property and achieve immediate diversification without the additional governance time associated with appointing more fund managers.”
Stephen Jones, the CIO at Kames Capital said: “We are pleased Nottinghamshire County Council has chosen to invest in the Kames Active Beta Property Fund which aims to deliver pension scheme investors with a competitive return at an appropriate level of risk profile for their schemes whilst providing diversification.
“We believe the fund also offers an efficient solution for Local Government Pension Schemes investors who wish to manage their property market exposure through the pooling process.”