Hedge Funds People moves

Land & Buildings hires former Goldman Sachs PM for international investments

by Josh Friedlander

Former Citigroup analyst Jonathan Litt’s firm is expanding into international markets with the hire of a former Goldman Sachs portfolio manager.

Land & Buildings Investment Management, the firm launched in 2008 by former star Citigroup real estate analyst Jonathan Litt, has hired his former client David Kruth as a principal and co-portfolio manager to oversee the firm’s investments in the stocks of foreign real estate companies.

Kruth formerly served as a vice president and co-portfolio manager of the $2.5 billion Global Real Estate Securities Funds at Goldman Sachs Asset Management, where he used Litt’s research. Before that, he was a portfolio manager and analyst at Citigroup Property Investors. He joined in June and reports to Litt, who