This publication carries latest news of moves and appointments in the global wealth management industry.

Kames Capital, the UK-based investment manager, has appointed John Deare, who previously helped to run the firm’s Property Income Fund, as co-manager on its Active Value Open Ended Fund. He is based in London.

Deare joined Kames in 2011 from commercial property and real estate services advisor CBRE, where he was an associate director in the hotels capital markets team. In his new role, Deare will work with existing co-manager Helen Batten. He reports to David Wise, investment director at Kames. 
 
Launched in 2009, the Kames Active Value Property Fund targets properties valued between £2 million ($2.9 million) and £10 million ($14.4 million). The fund says these properties tend to be too big for individual investors and too small for large institutional investors.

The fund's aim is to deliver performance of 0.5 per cent per annum above the IPD/Association of Real Estate Funds (AREF) All Balanced Property Funds Index on a rolling three-year basis.

“The UK commercial property market continues to offer attractive opportunities for investors seeking higher yields, particularly in smaller lot sizes. Tenant demand for such properties also continues to improve, helped by increased occupier confidence. John’s knowledge and experience of the area means we will be able to continue to maximise these opportunities,” Wise said in a statement.

The move represents the latest in a number of appointments by the firm. For example, it has added two co-managers to its Kames Strategic Bond Fund and Kames Strategic Global Bond Fund. Most recently, the firm also appointed a business development manager.

Kames Capital has 300 employees in its London and Edinburgh offices. The company manages £56.8 billion ($81.5 billion) for UK and international clients – including pension funds, government agencies, financial institutions, wealth managers, family offices and financial advisors.