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Bailey McCann, Opalesque New York for New Managers:

Adrian Elwood’s Clerkenwell Matterhorn Fund, a European listed real estate equity long/short fund has had a strong run since it launched in 2012. The fund is up net 91 percent since inception and annualized 20.5 percent through January 2016. Elwood even managed 2015's volatility, posting returns of 22.8 percent for the year, versus 12.8 percent for the EPRA benchmark. Elwood recently sat down with Opalesque TV to discuss how he has been able to achieve this level of success with his strategy.

"We take a top-down view of real estate," he explains. "You can't base your whole strategy on the macro, but you have to have a view of what's happening."

If anyone knows about the big picture, Elwood has certainly seen all sides. Over the course of his 30-year career, he's been a real estate banker, an equity investor, and now runs his own fund. He says he was driven to start his firm by the desire to make his own investment calls. To that end, the Clerkenwell Matterhorn Fund is a long-biased portfolio, with approximately 20 holdings in listed real estate. Large cap stocks are held in the trading book while small and mid-cap stocks make up the core portfolio. Elwood keeps the AUM limited to £50m in order to ensure the maximum flexibility within ......................

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