The asset management of the fund is outsourced to Tower Asset Managers (Pty) Ltd (“TAM”). TAM is comprised of Spire and ex Mettle executives and is contracted to Tower in an exclusive agreement. TAM performs all asset management function of the fund and has a watching brief over the property managers. The executive within TAM have a long, successful track record in the property industry, including the establishment of Paramount Property Fund which was listed on the JSE in the early part of the century.
Management contain a strong mix of property and financial skills which will be of continued benefit to the fund as it grows. The CEO, Marc Edwards, and the CFO, Fred Jenkings, are permanently seconded to the fund by TAM.