Sun, Jul 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cube's real estate hedge fund keeps exposure to Singapore low, expects returns from Hong Kong and Australia (2)

Wednesday, March 17, 2010

Benedicte Gravrand, Opalesque London:

This is the second part of the article. To view Part One (Cube Capital: Tokyo real estate prospects will remain positive even if Japan's long-term prospects are not) which was published yesterday: Source.

REITs REITs are a big part of CARE's Japan portfolio; indeed it is cheaper to buy equity of listed REITs selling these assets rather than actually buying the physical assets. Also, one can get more debt imbedded in REITs (it is not so easy to borrow from Japanese banks) and these products are highly regulated.

A real estate investment trust (REIT) is a real estate company that offers common shares to the public, with two unique features: its primary business is managing groups of income-producing properties and it must distribute most of its profits as dividends.

The players in the Asian REITs market include foreigners (50%), who are mainly short-term, according to Nick Linnane, co-manager of Cube Capital's Asia Real Estate Securities Fund (CARE). Other players are mutual funds (foreign and Japanese) from which there has been a substantial inflow since last year; Japanese regional banks and individual investors.

"REITs' market capitalisation is $30bn in Japan (with 41 REITS, some in the process of consolidating)," L......................

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner