Tue, Apr 21, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cube Capital: Tokyo real estate prospects will remain positive even if Japan's long-term prospects are not (1)

Tuesday, March 16, 2010

Benedicte Gravrand, Opalesque London:

Cube Capital's Asia real estate fund, launched in the midst of the credit crisis, has managed to return impressive returns by banking on office building rentals in Tokyo, REITs, Australian companies needing restructuring, and opportunities in China and Hong Kong.

Cube Asia Real Estate Securities Fund (CARE) Cube's $45m Asia Real Estate Securities Fund (CARE) returned 31.38% in '09 and -0.58% (est.) in January, annualising 24.40% since its September '08 inception. This can be compared to the TSE REIT (Japan) index which returned -0.8% in '09 and 1.4% in January, the UBS Singapore REIT index 64% and -5.6%, and the GPR Asia RE 250 LC (Asia incl Japan) index 29.5% and -4.1% in January.

CARE fund is an open-ended fund, investing in equity, debt and hybrid securities related to Asian real estate (RE). Its main markets are Japan, Singapore, Hong Kong and China, and Australia. It is managed by Nick Linnane, an Australian national and a Japanese speaker based in London who joined Cube from Citigroup Alternative Investments, and by Tom Holland, who was previously at Income Partners in Hong Kong. Cube Capital, which was founded in 2003 by ex-investment banker Francois Buclez and which manages around $1bn, has offices London and in Hong Kong.

The fund invests in real estate-related securities including ordinary equity, convertible bonds, high yield bonds, some ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner