New launch lays claim to being the first ‘global’ fund

But diversity may not match necessary scale.

Euromoney Liquid real estate March 2007 

Banque Privée Edmond de Rothschild has teamed up with real estate specialist PI Performance to launch what it is calling the “first truly global property fund”. The LCF Edmond de Rothschild Prifund Alpha Property Securities is a fund of funds based in Luxembourg. The Swiss bank has been authorised to distribute the fund in Switzerland.

In light of swiftly growing levels of investment and opportunity in global real estate markets, the launch could be considered timely.

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