The Directors of the Fund, all of whom are non-executive, are responsible for supervising the Investment Manager and for the overall investment activities of the Fund. They are:
Michael Cassidy, CBE, Non-Executive Chairman
Michael Cassidy is a non-executive director of UBS Ltd and was a non-executive director of The British Land Company plc from 1996 to 2007. He has practiced law in the City of London for 35 years, currently as a consultant with DLA Piper, and has been involved mainly in institutional investment in commercial property both in the UK and overseas. He was formerly Chairman of the Policy & Resources Committee of the Corporation of London and in that capacity visited Bombay in 1995 to help local business leaders establish Bombay First, a lobby group focused on developing that City’s capabilities as a regional financial centre. Mr. Cassidy was until recently President of the London Chamber of Commerce & Industry.
Paul Orchard-Lisle, CBE, Non-Executive Director
Paul Orchard-Lisle is currently Chairman of The Falcon Property Trust, a commercial property unit trust. He was Chairman of property investment and development company Slough Estates plc (2005-06) and is a director of Standard Life Property Income Trust. He is also investment adviser to Patron Capital. He was senior partner of commercial property adviser Healey and Baker (renamed Cushman & Wakefield Healey & Baker in 2006) for 11 years to 1999 and was previously Chairman of Cushman & Wakefield Asia. Mr. Orchard-Lisle also holds numerous charitable and other appointments, and is a past President of The Royal Institution of Chartered Surveyors.
William (Bill) Hamilton-Turner, Non-Executive Director
Bill Hamilton-Turner is resident in the Isle of Man. He is a non-executive director of Hansa Fund PCC Limited, an investment fund licensed by the Guernsey Financial Services Commission, Devonshire Corporate Services Limited, licensed by the Isle of Man Financial Supervision Commission as a Corporate and Trust Service Provider, and chairman of Active Services (IOM) Limited. Previously, Mr. Hamilton-Turner was chairman of Insinger de Beaufort (International) Limited, Isle of Man office (formerly Jardine Matheson International), deputy chairman of Rea Brothers (Isle of Man) Limited, and a non-executive director of AngloGold Ashanti Holdings PLC. He is a Fellow of the Chartered Institute of Bankers and a Chartered Director.
Philip Scales , Non-Executive Director
Philip Scales is Managing Director of IOMA Fund and Investment Management Limited and a former Managing Director of Northern Trust International Fund Administration Services (Isle of Man) Limited. Prior to this, Mr. Scales was employed by an English merchant bank and has over 30 years’ of experience working in offshore corporate and mutual fund administration. Mr. Scales is a Fellow of the Institute of Chartered Secretaries and Administrators.
Pradeep Verma , Non-Executive Director
Pradeep Verma , CFA has over twenty five years investment management experience and is currently Quant Fund Manager to Carroussel Capital.Currently he is working as a Managing Director of QuantInvest , the company he set up in September 2008 in Singapore for Carroussel Capital.Pradeep is a qualified CFA and CPA from USA and ACA from India.
Martin Michael Adams , Non-Executive Director
Martin Adams is an independent specialist in the management and reorganisation of closed end funds and private investments in emerging markets. He has over 25 years’ investment and banking experience in Asia and Europe. Martin has managed private equity investments in the property/ hotels, banking/ finance, manufacturing, agribusiness, services and oil and gas sectors. During the past 18 years, Martin has focused on managing investments funds in Vietnam and representing and actively protecting shareholder interests in listed and unlisted funds and investee companies in a number of other developed and developing countries. Among his current non-executive positions, Martin is chairman of funds in India and Hungary and a director of a global hedge fund, a global emerging markets fund, a fund in China, a European property fund and a smaller companies fund invested in US and UK.
