Simon Cooke, the well-known property fund manager, has been made redundant.
Cooke, managing director of Close Brothers Investment, learnt his fate this week.
Cooke declined to comment on his departure, but a statement from Close Brothers said:
‘Close is committed to retaining its property business, and as its ongoing asset management strategy it remains committed to managing the interests of its clients and investors in its property funds. However, in light of prevailing conditions, the business has made the prudent decision to reduce its cost base. As a result there will be a number of redundancies and Simon Cooke will be leaving the business at the end of January.
‘We would like to thank Simon for the contribution he has made to the business and wish him well in the future.’
Cooke joined Close Brothers 18 months ago from Hotbed Investment which he pioneered after leaving Deutsche Property Asset Management where he was chief executive from 1995 to 2003.
Simon Cooke taken by Mark Saunders/Amber Glow Photography