11.40 AM – 12.30 PM

Plenary 2: Real Estate Resilience

50 mins Plenary

Exploring the appeal - staying compelling, relevant, and investable now and for the future.

In this Plenary "Real Estate Funds Resilience", our unique panel will discuss the history of real estate investment and what it needs to do to remain compelling, relevant, and investable compared to other asset classes. The panel will cover how real estate funds can withstand economic fluctuations and continue to offer robust investment opportunities now and in the future.


 

Speakers

Jenny Buck

Chief Investment Officer, Tesco Pension Fund

Jenny is a graduate of the University of Cambridge and has over 30 years investment experience.

She started her career in real estate and has invested in direct and indirectly in the UK and on a global basis. Her experience includes working at Grosvenor where she worked on its London estate, working for a bank doing property lending and nearly 10 years at Schroders. Her last 12 years have been with Tesco, where her role has widened from real estate to all private markets and now CIO. The Tesco pension fund has more than £11.1bn of assets under management across equities, fixed income and private markets including direct real estate, private equity, private credit, hedge funds and infrastructure.

She is passionate about education and giving young people an opportunity. She is also particularly interested in “practical” responsible investing and thinking about how the investment management industry needs to evolve to face into the changing needs of society including decarbonisation, digitalisation, demographics, deglobalisation, and destabilisation.

Ben Mardon

Head of European Real Asset Fund Services, Citco

Ben joined Citco in 2018, developing a European end to end service offering for Real Estate Funds, covering core and ancillary services. 
Part of the global management team responsible for developing a global operating platform capable of servicing all Real Asset Fund types (open / closed) but also across all sectors and including RA Equity, Debt an Infrastructure as well as Hybrid Funds.

Before Citco Ben worked at State Street Global Services for 5 years where he was Head of Alternative Investment Solutions and before that he was at Cordea Savills for 6 years, as Director of Operations and Director of Finance.

Ben is an active member and contributor to the RA European Industry and a committee member with INREV and active in the local domestic market supporting bodies such as AREF.

Robert Houston

Founding Partner, St Bride's Managers

Robert is the founding partner of St Bride’s Managers, a boutique property fund manager based in London but with investments across the UK. The firm’s clients are principally Local Government Pension Funds and private family offices. He is also the independent chairman of the UBS REPM European (ex Dach) Investment Committee and a property adviser to Gonville & Caius College, Cambridge. 

Formerly, Robert established Baring, Houston & Saunders in 1980, which was acquired by ING Real Estate Investment Management in 2005, He later became the Global CEO and Chairman. At the time ING REIM was the largest global  property fund manager with $80 billion of assets under management.  He is a former Chairman of the Association of PUTs (now AREF) and  has been active in property fund management for over fifty years.

Simon Marx

Head of Research, Lothbury Investment Mgt

As Head of Research, Simon is responsible for framing the outlook for the economy, as well as the real estate occupier and capital markets. He leads the development of innovative tools based on modern analytical techniques and technologies. Working alongside the senior directors, Simon helps develop the fund and corporate strategies, and working closely with the Investor Relations team to attract new capital from all parts of the world.

Simon has a wealth of experience, having spent 21 years in the industry in various research and strategy leadership roles at companies as diverse as CBRE, Close Investments, CoStar, Experian and Ernst & Young. For the eleven years prior to joining Lothbury, he was Managing Director of European Research & Strategy at LaSalle Investment Management. His primary functions were to monitor the European property markets, define fund strategies, identify acquisition opportunities and bring new sources of global capital to Europe.