Thursday, 26 March 2015
Last updated 1 hour ago
Feb 6 2009 | 1:16pm ET
Arcanum Capital Management’s REIT Investment Fund got off to a good start to the new year. The fund returned 3.4% in January while the average real estate investment trust dropped more than 17%, erasing all the gains from December’s rally.
About 20% of the REITs that the firm is monitoring are now trading below $5, according to portfolio manager Henrik Laulund, in an investor letter.
“The large REIT correction over the last few months has brought REIT prices down to a more reasonable level,” he wrote. “Compared to real estate sold on the private market REITs are now trading at huge discounts and appear inexpensive. Compared to stocks in general REITs are now also reasonable priced.”
However, Laulund added that it is difficult to say if the market has reached the bottom because it tends to overreact in both directions.
Arcanum’s fund gained 21.8% last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…