Gravis launches UK REIT fund

Gravis Advisory, a subsidiary of Gravis Capital Management, has launched a specialist fund focusing on UK REITs. The VT Gravis UK Listed Property Fund, or GULP, will be managed by Matthew Norris, Gravis’ new head of real estate securities. It is the firm’s third open-ended investment company. Investments will primarily focus on UK REITs, but will also include property-related closed ended investment companies, corporate bonds and equities. It targets “long-term, dependable cashflows”.  The fund said it would have “minimal exposure to the UK retail sector” and will not hold any direct property investments. It plans to deliver a regular