TIME Investments’ flagship long income PAIF, TIME: Commercial Freehold has moved to daily dealing,in response to adviser feedback. The fund, which offers investors the opportunity to access the only open ended long income property fund, has consistently delivered an annual income of over 4% plus capital growth.

The fund doubled in size in 2017 and now in its fifth year, it has seen its AUM grow to over £150 million.

This growth has been driven by investors increasingly looking for an investment providing “ballast” in uncertain times with secure income and low volatility of capital returns – two features offered by long income.

With traditional UK property funds significantly exposed to continued volatility caused by Brexit, advisers are increasingly looking to alternative investments for long term secure income to help make up the difference.Alternative property assets with long leases and strong covenants such as low service hotel chains, Premier Inn and Travelodge, in the right locations provide secure income, inflation linked rents and less volatile capital returns over the long-term.

Nigel Ashfield, fund manager of TIME:Commercial Freehold comments: “The move to daily dealing further enhances the liquidity of our fund, which is a key requirement for many advisers seeking income from alternative investments.

“Advisers are increasingly looking to diversify their allocation away from fixed income to property and other alternatives.  The assets held in TIME: Commercial Freehold have not only demonstrated a secure, predicable income stream but also a lower correlation with more volatile traditional commercial property asset classes, over a period that included the UK’s decision to leave the EU”.

“These characteristics are highly sought after in today’s economic climate and make them suitable for many types of investors, particularly those seeking a robust income stream and low volatility of capital values, such as individuals looking to supplement a pension or those looking to save for school fees.”

Citywire has just announced that TIME: Commercial Freehold fund manager, Nigel Ashfield, has been awarded the coveted Citywire AAA rating. Achieving the AAA rating puts him in the top 2.5% of the 16,000 fund managers that Citywire tracks globally.

David Lumley of London based Arena Wealth Management comments: “I have been a supporter of Nigel and his long income funds for many years now and I’m delighted to see his expertise recognised by Citywire. This triple AAA rating comes as no surprise as the performance of Nigel’s funds over the years has been outstanding. Long income is a popular sector with our clients and the TIME funds offer income security, inflation protection and lower volatility making them a good fit for many investors.”

Central Bank

The Central Bank of Trinidad and Tobago

Other Banks

Bank of Baroda Trinidad and Tobago Limited

Citicorp Merchant Bank Ltd
First Citizens Bank
Intercommercial Bank Limited
Royal Bank of Trinidad and Tobago (RBTT)
Republic Bank
Scotiabank Trinidad and Tobago Limited

Chicago-based RedRidge Diligence Services – a provider of due diligence services to investors and lenders – is pleased to announce the launch of its first international office in London, U.K. The new office marks the first step in a move to expand the company’s network of international client relationships, while offering the reliable service and quality deliverables existing clients have come to expect.

Matthew Reid, Associate Director, has relocated from the U.S. in order to lead the London operation.

“In the U.S. RedRidge has an excellent reputation for a bespoke approach that offers efficiency, flexibility, high-quality service and timely execution in both the lending and equity investment markets,” says Matthew. “Our role now is to transfer that excellence into new markets, starting in Europe from our London base.”

Andrew Robbins

Most recently, the London office has appointed Andrew Robbins as Director as they look to grow their European footprint. Andrew has more than 20 years of asset-based lending (ABL) and insolvency experience, earned at KPMG, Barclays, and most recently RBS Group. He has also worked for independent and high street lenders in audit, relationship management and leadership roles. His experience spans a variety of sectors including retail, finance, manufacturing and distribution, covering assets including receivables, inventory, plant and machinery, and property.

Andrew’s new role will involve leveraging his connections and industry insights to develop RedRidge’s diligence offerings as they expand outside of the U.S., with an initial focus on the U.K. and Western Europe.

“Adapting our due diligence services to the European markets will be a fantastic challenge and an extraordinary opportunity,” explains Andrew. “But given the exceptional level of service I’ve seen first-hand, I’m more than confident we can deliver. I’m honoured to be working alongside Matthew at the start of this exciting new chapter in the company’s story.”

Dave Norris, COO, comments: “Andrew’s knowledge and influence in the U.K. and wider European markets will support RedRidge on its mission to becoming a globally recognised brand.”

“Adding Andrew’s U.K. and European collateral expertise will prove immensely valuable to our clients,” says Managing Director Cory Ryan. “Coupled with RedRidge’s commitment to high quality and efficiency, we are well positioned to serve our clients within the region and those executing on cross-border transactions.”

Andrew holds a Bachelor of Science degree in Economics from Loughborough University. Andrew Robbins (FCA) is a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW).