Sun, Dec 4, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Hedge funds gain on Trump market rally, positive U.S. data[more]

    Komfie Manalo, Opalesque Asia: Hedge funds enjoyed meaningful returns in the week ending November 22, with the Lyxor Hedge Fund Index moving up 0.7% over the period (-1.6% YTD). From a broad perspective, all strategies ended the week on a positive note except for CTAs that ended flat. Event d