BMO Global Asset Management Launches Long/Short U.S. Real Estate Fund

Apr 19 2017 | 11:16pm ET

BMO Global Asset Management has unveiled a new UCITS-compliant market neutral fund that will focus on U.S. real estate. 

The new fund, named The BMO U.S. Real Estate Equity Long/Short fund, or U.S. REELS for short, targets mid-single digit returns in all market environments over a three-year period  and will trade property subsectors utilizing a pairs-trading strategy, according to an article in Citywire. 

It will be managed by BMO GAM’s property equities team, which will determine portfolio construction and implementation, while portfolio managers Alban Lhonneur and Daniel Winterbottom will reportedly handle risk allocation. 

The new fund is domiciled in Ireland and passported for sale in the U.K., Belgium, Finland, France, Ireland, Italy, Luxembourg, Netherlands, Spain and Sweden, the article continued. 

BMO Global Asset Management is a global investment manager delivering service excellence from 27 offices in 17 countries to clients across five continents. Including discretionary and nondiscretionary assets, the company managed $229 billion as of December 31, 2016. 


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