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PDIG Working Group

The remit of the PDIG Working Group is to take forward the PDIG agenda through delivery of PDIG initiatives, including publications and breakfasts.  Membership comprises individuals with detailed personal experience of the property derivative market, from a broad a range of types of participant.


History

Towards the end of 2007, the PDIG Steering Committee decided to establish a dedicated Technical Sub-Group (now the PDIG Working Group) to support the development of a deep and liquid market in property derivatives by giving guidance to the property investment management community on the various ways in which the use of property derivatives affect the management of property portfolios.

 

Much of the Sub-Group’s initial discussions concentrated on looking at why property investors, and specifically managers of actual property portfolios, have not been as active in the market as one would have expected or hoped. The answer to this question is complex but it is widely accepted that a significant hurdle to property investors is one of lack of understanding, both at an operational and practical level.

 

In November 2008, the IPF and the PDIG Technical Sub-Group published Getting into Property Derivatives, produced with the specific aim of addressing this problem by providing a practical, operationally-focused introduction to the use of property derivatives.

 
In March 2010, this was followed up with Trading Property Derivatives which develops the idea of a tool-kit for investors who are deciding to start using property derivatives.
 

PDIG Working Group members

 

Will Robson, Chair of the IPF Property Derivatives Interest Group (IPF PDIG) Working Group

Director, Property Derivatives, PRUPIM

 

Anne Breen, Standard Life Investments

Kelly Cleveland, Grosvenor Group Limited

Stewart Cowe, ScottishWidows Investment Partnership

Louise Ellison, IPF

Sue Forster, IPF

Mark Long, Invista Real Estate Investment Management

Jeremy Marsh, Invista Real Estate Investment Management

Kate Pedersen, IPD

David Prescott, Aviva Investors

Iain Reid, Protego Real Estate Investors

Angela Sheahan, Consultant

Tony Yu, ING Real Estate (Past Chair of the PDIG Technical Sub-Group) 

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