The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Reech and CBRE launch property hedge funds

CB Richard Ellis, the Los Angeles property services firm, is linking up with investment boutique Reech AiM to launch a global series of six property hedge funds.

Together they plan to raise a total of £2.4 billion ($4.76 billion) across the six funds in the next 18 months.

So far they have raised £100 million of a £400 million target for the pan-European Iceberg Alternative Real Estate Fund, which will invest in real estate securities such as over-the-counter property derivatives, property shares and offshore funds.

The aim is to offer investors the ability to ramp up their real estate holdings, rather than looking for price anomalies between different types of property investment vehicles.

The relative value absolute return fund is aiming for returns of 15% above Libor.

"Iceberg is a pure alpha real estate fund and the first true hedge fund play offering an opportunity to invest in a new asset class," says Christophe Reech, chief executive. "The response to the derivatives application of real estate has been extremely positive and we expect the market to grow exponentially."

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of acces below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£68.33 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree