This means he will no longer run the £784m Schroder ISF Global Property Securities, the £106m Schroder Global Property Income Maximiser and the £345m Schroder Global Property Securities funds.
Earlier this month, Schroder’s announced it was taking the Schroder Global Property Securities funds in–house having established a new global property securities team, led by Tom Walker and Hugo Machin who recently joined.
“We have been informed by European Investors Incorporated that Jim Rehlaender, co-manager of the Global Property Securities product at EII has left the firm,” a Schroders spokesperson said.
“The transfer of funds to Schroders’ management was due to take place on 15th August. In the light of the recent news from EII, we are in discussions with EII as to whether an earlier transfer of management responsibility is in the best interests of investors.”
Schroders added that it would announce a confirmed handover date shortly.
New hire
The firm also announced that Chris Ludlam is joining Schroder Property as head of real estate capital in a newly created role. He has also been appointed to the firm’s European Property Executive committee.
In his new role he will focus on capital raising, new business, developing new strategic partnerships and joint ventures on behalf of Schroder Property. He will also manage the team responsible for client management and reporting, investor services and fund development.
Prior to this, he was engaged in similar roles at AEW Europe and before that at GreenOak Real Estate.
Ludlam joins this week and reports to Duncan Owen, head of property.
