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Exposure to listed real estate stocks and property derivatives delivers a positive stand out of 5.04% (net of fees) for August. Derivatives specialist fund manager Reech AiM will today (17th Sept. 07) reassure investors in its debut fund when it announces exceptional performance results for the month of August for its European real estate relative value fund – Iceberg Alternative Real Estate.

  Portfolio Manager, Stephen Ashworth will confirm the fund delivered a positive return of 5.04% for August (net of fees and expenses) placing it amongst the top performing funds in all categories. Since the launch of Iceberg in May this year, the fund has delivered 6.87% net.

  Mr. Ashworth will inform investors that all strategies within the fund had delivered a positive return over the month with the out-performance primarily deriving from the Iceberg’s exposure to listed real estate stocks and property derivatives. Allocations in the fund across the range of strategies remained broadly unchanged from the end of July and the level of gearing in the fund remained constant and extremely low, which explains the particularly high level of liquidity available.

  The announcement is in sharp contrast to an August that has witnessed the worst month for hedge funds in seven years with the average hedge fund down 1.3 per cent (according to Hedge Fund Research). Stephen Ashworth adds: “We do not believe that the turmoil of the current liquidity crisis is ov......................

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