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Real Estate Hedge Fund Considers Winding Down
July 9, 2008
After dropping by almost half in the past year, listed hedge fund Rock Real Estate Securities Fund may be on its way out of business.
The Irish Stock Exchange-listed offering, managed by the Rock Capital Group, is in talks with investors about the fund’s future.
“We are talking to investors and will discuss it at the quarterly board meeting,” fund manager Mark Laurence told Property Week. “There is the possibility of investors rolling over into a long-only vehicle, which we think is a more appropriate way to invest in property shares in the current market.”
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