Working as a fund manager within the real estate profession can open the door to a whole array of businesses ranging from specialised, boutique funds to large institutional funds such as AXA.
Being a fund manager requires strong financial skills and experience/knowledge of finances and the fund structuring. Having the ability to manage all aspects of a fund from its structure to how it is to be taxed is essential if one wants to be successful in this role.
Fund managers need to be extremely numerate and able to work with large volumes of data. For example, assessing the past performance(s) of a fund in order to analyse in detail where it may be going in the future. Decisiveness is also a key requirement as funds require constant attention for them to be as profitable as possible.
Many people come to this fund management in real estate from a financial background such as accountancy and will have knowledge of how to manage a fund that is profitable and as risk averse as possible. Having good financial acumen will allow a fund manager to diversify the fund so that it can produce the largest possible income while not exposing the invested capital to too much risk. They will be able to successfully balance the two elements.
As with many jobs within the real estate profession, it is advantageous to have a MRICS qualification which is the standard certification in the UK and is becoming increasingly recognised throughout Europe as well as globally.
Cobalt has specialised clients looking for real estate fund managers across Europe and has a near 20-year history of helping its clients fill these roles across the globe.
Contact the European Real Estate team on 020 74 78 2564 if you are interested in discussing European Real Estate opportunities or any hiring requirements.