Thu, May 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Reech Aim to launch UCITS version of Iceberg Real Estate Hedge Fund

Monday, August 02, 2010

amb
From the Opalesque team: Opalesque has learned that Reech Aim Partners LLP just got the approval by the CSSF - Luxembourg Regulators - to launch a UCITS III onshore version of the Iceberg Real Estate Hedge Fund.

The firm is following a general trend amongst hedge funders, as indeed it seems that most are launching onshore, mutual fund-like versions of their riskier and less regulated offshore funds. This is happening ahead of impending tougher European Union regulations, which should normally not affect the UCITS structure.

"Glacier" will launch mid-September, co-sponsored by Pictet. The fund will have a global mandate, but initially focus on Europe during the launch phase. Similar investment strategies as that of Iceberg's (REITS, IPD swaps etc.) will be used, as well as some more directional new strategies.

Christophe Reech has been the founder, the chairman and CEO of Reech Aim Group, which is head-quartered in Luxembourg, since 2006. His firm runs several funds:

- Iceberg: is up 0.43% YTD, returned +19.21% in 2009, +5.96% in 2008, +24.04% in 2007. Iceberg is a relative value European commercial real estate focused investment strategy, managing $202m and launched in May-2007.

- Rochester (CTA): up 3.81% YTD, and returned -15.82% in 2009, +41.13% in 2008. Rochester only trades exchange traded futures contracts and was launched in 2002.

According to Reech Aim’s website......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America