Derivatives specialist fund manager Reech AiM said on Tuesday that its maiden European property hedge fund, the Iceberg Alternative Real Estate fund, booked a return of 2.87% in December 2007. The company said this took the fund's total return, net of fees and expenses, to 24.51% since its inception in May 2007, a 61% outperformance of the EPRA UK index, which saw a total return of -36.8% in the same period.
Derivatives specialist fund manager Reech AiM said on Tuesday that its maiden European property hedge fund, the Iceberg Alternative Real Estate fund, booked a return of 2.87% in December 2007. The company said this took the fund's total return, net of fees and expenses, to 24.51% since its inception in May 2007, a 61% outperformance of the EPRA UK index, which saw a total return of -36.8% in the same period.
'Despite the swings in the market over the year, 2007 provided great opportunity for an agile, maiden Fund such as Iceberg. 2008 will be far more technical from a market behaviour stand-point. The technical and technological sophistication developed through Reech AiM's derivatives research modelling will give Iceberg a clear advantage in a difficult market and especially at a time when specialist financial institutions enter the growing property derivatives market,/'said Christophe Reech, CEO of Reech AiM.
