AREF Investor Committee Biographies

Dugal Hunt is a Director within the CBRE Global Investment Partners team with responsibility for client portfolio management and sourcing and undertaking due diligence on investment opportunities.

He has 14 years property industry experience and has 11 years of detailed knowledge and experience of investing in real estate funds in the UK and Continental Europe.  In addition to underwriting new investment opportunities, Dugal has been able to use his industry contacts to actively source investments in existing funds on the secondary market.  He has been successful in negotiating attractive entry pricing in a number secondary market transactions on behalf of clients of GIP.

Dugal joined CB Richard Ellis Investors in March 2004.  Prior to this he has worked at Investment Property Databank on the Portfolio Analysis Service for 3.5 years.  Dugal gathered valuable experience during his time at IPD, understanding and analysing portfolio performance statistics.

Dugal is a member of the investment property forum and he has been approved by the FCA to conduct investment business.  He also holds the Chartered Financial Analyst designation. He is a graduate of University of Bristol with a degree in Geography.

Matthew is a Principal in Mercer's Real Estate Boutique. He joined Mercer in 2011 and researches real estate investment managers across Europe, covering all investment styles including commercial and residential real estate. Matthew is also part of Mercer's Dynamic Asset Allocation group and assists clients with strategic real estate advice. From an industry perspective, Matthew sits on the IPF Indirect Funds Working Group and the AREF Investor Committee and has previously been involved with IPD's Index Consultative Group.

Prior to joining Mercer, Matthew was a Real Estate Researcher and Investment Consultant with Aon Hewitt for eight years. Matthew holds the IMC, has studied the Actuarial profession and holds an undergraduate Bachelor of Science in Mathematics & Statistics from the University of Newcastle-upon-Tyne and a postgraduate Master of Science in Real Estate from Kingston University.

He regularly appears in the financial press and is active on industry panels, discussing all matters relating to institutional investment in real estate.

Matt is the Founder and CEO of Real Asset Solutions Ltd, an independent consultancy providing a variety of bespoke solutions for institutional investors in real assets.  Matt has over 20 years experience as an investment professional focused on establishing and managing private equity real asset businesses and portfolios on behalf of institutional clients.  Matt is a trusted and valued member of the real estate investment community being Founder and Chair of the Secondary Markets Working Group for AREF and an active member of the Investors Committee.  

Prior to establishing Real Asset Solutions Matt created a private equity real estate business for Kames Capital in 2012 and was a Senior Fund Manager, with responsibility for giving the business direction through his seats on both the Senior Management Group and Investment Committees.

Matts rounded understanding of investment markets began as an Investment Consultant at Bacon & Woodrow, the highly regarded firm of consulting actuaries (now part of AON). Joining the Investment Practice in 1997 he chose to qualify as an Associate of the Chartered Financial Analysts UK. Whilst with Bacon & Woodrow a passion for real assets drove Matt to become the product specialist providing advice to the entire practice whilst working alongside the Senior Partners in the business.  In addition to this Matt had a dedicated client base of 12 pension and charity schemes with combined assets of over $16bn.

In 2001 Matt joined Deutsche Asset Management, a subsidiary of Deutsche Bank, to establish an indirect real estate platform.  Matt successfully grew the business to over $750m, however following a reverse take-over by RREEF and a lack of support for global expansion Matt successfully integrated the entire business onto the ING Real Estate Investment Management platform in 2009.  All of the clients expressed a preference to novate their contracts to ING and this endorsement of his professional qualities in safeguarding his clients interests whilst continuing to deliver investment excellence, throughout a time of severe market stress.

At ING Matt retained responsibility for these mandates along with being the Senior Fund Manager responsible for the largest UK fund of funds, the Osiris Property Fund, with assets of over $900m and 70 underlying investors.  Matt was able to deliver exceptional returns to investors over the preceding years despite a period of sustained uncertainty.

Peter is the Investment Officer for the Medical Defence Union and is a Fellow of the Institute of Actuaries. He is an experienced senior investment professional, has been widely quoted in the investment press and regularly speaks at conferences.

Peter was formerly Head of Manager Research at JLT Employee Benefits and his research specialisms included Bonds, LDI and Property. He has also been a Senior Investment Advisor to pension funds over many years for a wide variety of client and in addition has had experience of being an Independent Trustee.

Peter has been a member of the Society of Pension Professionals (SPP) Investment Committee as well as the Investor Committee of the Association of Real Estate Funds.  He has also been the SPP representative to Debt Management Office quarterly consultation with regard to gilt issuance and End Year consultation with the Commercial Secretary to the Treasury.

Louise is responsible for managing the direct and indirect property portfolios at West Yorkshire Pension Fund (WYPF), a local government pension scheme in the UK and a member of the Northern LGPS.

Louise also plays a lead role in WYPF's direct infrastructure investment as part of the GLIL Infrastructure investment team. As of December 2018 GLIL had committed capital of £1.825 billion with over £1 billion invested. Collectively the GLIL pension fund members have over 1 million members and manage assets in excess of £58 billion.

Prior to joining WYPF, Louise held various real estate roles across both the UK and Middle East.

Louise has an undergraduate degree in Law and a Masters in Real Estate Management. She is a member of the Royal Institution of Chartered Surveyors (MRICS).
 

Strategist and real estate investment manager with a track record of investing in direct real estate in UK, France and the Netherlands, indirect funds in UK and continental Europe, and UK REITs.

Stephen is a consultant, with expertise in defining and executing profitable strategic ideas using a variety of financial structures. 

Jacqui Bungay is responsible for Code compliance reviews for new members and for monitoring the compliance of existing funds.  Jacqui provides policy guidance and secretariat services for the following AREF Committees: Corporate Governance, Indices & Performance Management, Investor and Regulation.