Watson Wyatt boosts real estate

Investment consultant Watson Wyatt has made two hires to boost its research into real estate investment managers and hedge fund managers, and added five new graduates to its manager research team. Douglas Crawshaw, who has more than 10 years' investment experience, most recently as a portfolio manager at Morley Fund Management, will join a real estate team of six in the UK, headed by Steven Grahame, which focuses on researching real estate investment managers. Crawshaw is a senior investment consultant and is based in London.