Wed, Sep 3, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius