Friday, 21 October 2016
Last updated 1 hour ago
Jan 17 2008 | 8:20am ET
Singapore’s investment arm has taken a minority stake in a California-based real estate hedge fund firm. The Government of Singapore Investment Corp. has also committed $300 million to a hedge fund investing in U.S. real estate securities run by Rosen Real Estate Securities, it said yesterday.
The city-state’s investment division said it sees opportunities amid the widespread downturn in the U.S. real-estate market.
Rosen is run by Kenneth Rosen, also a professor of real estate and urban economics at the University of California, Berkeley.