Limited Partnerships’ total returns to investors more than doubled to 12.6% in 2002, from 5.6% the previous year, according to the latest IPD figures.
IPD said the outperformance of limited partnerships in 2002 was largely the result of buying and selling collectively, which added to returns for the first time, and several fund wind-ups, which resulted in substantial profits on sales.
It bases its performance data on a sample of 35 LPs with a total capital value of £7bn, out of a total of £16bn invested in the vehicles.
This week, research by Oxford Property Consultants showed that Schroders, boosted by the performance of its retail park fund Hercules Unit Trust, is the top UK pooled property fund manager.
Finance focus, p51
