Reech-CB Richard Ellis Hedge Fund Up 35%

May 21 2009 | 10:37am ET

A hedge fund joint venture involving real estate giant CB Richard Ellis Group has returned 35% over the last two years, despite the collapse of the global real estate market, it said yesterday.

Most of the Iceberg Alternative Real Estate Fund’s return since inception was booked in its first year, when it returned 29.12%. The fund was launched in May 2007 by CB Richard Ellis and Reech Alternative Investment Management.

Iceberg invests in real-estate investment trusts, real-estate index derivatives and bonds, focused on the British market.

The fund’s return is almost the precise opposite of its benchmark Investment Property Databank UK Monthly Index, with has lost 36% since July 2007.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of