LaSalle Forms Property Derivatives Platform
LaSalle Investment Management has created a property derivatives platform for its clients and has teamed up with BGC Partners to execute the strategy.
“We do not believe that property derivatives will replace investment in direct real estate but rather that they will equip fund managers with another risk and portfolio management tool,” comments Alan Tripp, UK managing director with LaSalle Investment Management. “There appears to be appetite for this sort of diversified strategy. The market is developing, and we want to offer our clients the ability to access this market as and when appropriately priced opportunities arise.”
Tripp adds that LaSalle’s initial focus will be on the UK property derivatives market, but that the firm plans to expand the geographic coverage over time.