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Interview: Don Jordison - Threadneedle
When it comes to fund managers there are two distinct types. The first seem to dazzle you with their blue-blooded pedigree, firing out mind-bending macroeconomic jargon over a particularly fine Chambertin Grand Cru. Then there are the roll-up-your-sleeves-and-get-stuck-in, no-nonsense grafters.
“In the City things look bad,” he says. “However it is only a quarter more oversupplied than it was in the late eighties and early nineties.
“We generally don’t invest in City property anyway, it’s too volatile,” he adds.
He puts the blame for the collapse in property prices firmly at the banking fraternity’s door. “Banks have invented a new way to lose money,” Mr Jordison says, a nod towards the collateralised property lending that infected and then unravelled global markets.
“The good, old style of property crash was, in a booming economy, when a surge of excessive building got things ready just in time for the recession to start,” he says.
CV:
2007: Starts running Threadneedle UK Property Trust along with Chris Morrogh.
2006: Becomes manager of the Threadneedle Strategic Property Unit Trust.
2000: Named as manager of the Threadneedle Capital and Income fund.
1998: Becomes manager of the Threadneedle Property Unit Trust.
1994-Present: Becomes one of the founding members of Threadneedle as the group is formed from a merger of Allied Dunbar and Eagle Star. Given Zurich Assurance AL Property Fund to manage.
1988: Completes an MBA at City University London.
1984-94: Joins Allied Dunbar Property funds as a trainee property manager, and made manager of the Allied Dunbar Life UK Property Unit Trust. Made a director of the firm in 1991.
1984: Graduates with a first-class degree in Urban Estates Planning from Nottingham Trent University. Becomes an associate member of the Royal Institution of Chartered Surveyors
1982-83: Completes a sandwich year at Prudential, as a graduate trainee surveyor
