Wed, Aug 5, 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. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  2. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  3. Performance - Some hedge fund small-cap energy stocks have been free falling, Dan Loeb's simple strategy destroys the market, Baupost lost 1.4% last quarter as energy bargains proved elusive[more]

    Some hedge fund small-cap energy stocks have been free falling From Marketrealist.com: According to a July 28, 2015, Bloomberg article, there was a 34% fall in small-cap energy stocks over the past three months. These shares are tracked by the Russell 2000 Energy Index. Small-cap energy

  4. Legal - Hedge funds hit Rothstein Kass with $75m malpractice suit, JPMorgan questioned on private bank’s hedge fund disclosures, Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market[more]

    Hedge funds hit Rothstein Kass with $75m malpractice suit From Law360.com: Two investment funds have sued Rothstein Kass & Co. PC for at least $75 million, claiming the New Jersey auditing firm committed accounting malpractice by failing to properly scrutinize overblown valuations of the

  5. Assets - Hedge funds are getting smoked by the commodities slump, Global ETF assets could more than double by 2020[more]

    Hedge funds are getting smoked by the commodities slump From Businessinsider.in: The collapse in commodity prices has burnt another hedge fund. Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50 million,

 

banner