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.
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 GroupDirector, 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)