Tuesday, 1 December 2015
Last updated 20 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…