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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...