Tuesday, 23 September 2014
Last updated 11 hours ago
May 20 2008 | 2:44pm ET
Last May was not an auspicious time to launch a real estate hedge fund, but Reech Alternative Investment Management has no regrets.
The London firm’s US$160 million Iceberg Alternative Real Estate Fund, a joint venture with commercial real-estate giant CB Richard Ellis Group, returned 29.12% in its first year. Iceberg edged up 0.87% last month, and is up 4.09% year-to-date.
“Despite the more challenging investment market for real estate throughout the 12-month period in which Iceberg has been operating, we have been particularly well-placed to benefit as a relative-value market-neutral fund,” Christophe Reech, CEO of Reech AIM, said. “We have been successful by capitalizing on periods of uncertainty and volatility in the market with outperformance driven primarily by value realization throughout the year.”
Iceberg remains heavily weighted to British real estate, although it has been boosting its exposure to mainland Europe.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.