Real Estate Hedge Fund list

[milk2sugars]

Hi all,

I have looked on Google already and had not much luck but I would like a list of Hedge Funds which deal in the Real Estate Sector.

Any tips pointers?

Thanks

[ellroy]

Highly unlikely that any do just property.

Too illiquid an asset to trade quickly if needs be.

You may find some of the global macro players have a toe in the water, but likely a small percent via a riet or passive index play.

There are a number of unregulated property funds out there though, but they're not hedge funds.

Typically bought via Private Banks, with high minimum entry, £50k and up.

Have a look at some of the big property managers/developers web sites you'll find some indication as to who's in the game there.

[onedsla]

milk2sugars said:

Hi all,

I have looked on Google already and had not much luck but I would like a list of Hedge Funds which deal in the Real Estate Sector.

Any tips pointers?

Thanks

Try here - 92 of them listed: http://tinyurl.com/alyecje

[ellroy]

onedsla said:

Try here - 92 of them listed: http://tinyurl.com/alyecje

These are registered colective funds not hedge funds.

[Cheib]

There are some....at least one I can think of.

Thing is most funds that invest in property are more Private Equity Funds or Family Offices....they are much involved in property per se.

It really depends in what you mean though.....are you looking for funds that actually buy property or funds that will lend money to other people to buy property.

[jeff m2]

In the US we have REITs, they have slightly different tax rules which make them popular for tax protected or defered growth..
(they maintain status by redstributing all net income)
Simon Property group (SPG) being probably the best known. (I don't own it directly)

A Real Estate fund will not give you top of the table performance if that is what you are looking for, although 2012 was pretty good, one I have is TRGRX, a global fund.
It's open ended so not a problem posting it.

If you were looking to be more speculative then URE might be what you are looking for. It attempts to replicate twice the the move in a US RE index. In reality it's 1.8
I am not currently trading URE.

[z4chris99]

not many real estate only HF's... I can think of none. and I doubt any exist, too illiquid

REITs, collective funds and one off investments more common

I work for a PERE fund / developers hopefully can answer any questions you have

Edited by z4chris99 on Wednesday 13th February 07:20

[z4chris99]

onedsla said:

Try here - 92 of them listed: http://tinyurl.com/alyecje

they are not hedge funds. Property isn't suitable for a HF

[Cheib]

z4chris99 said:

they are not hedge funds. Property isn't suitable for a HF

It certainly can be....here's one

http://www.cheynecapital.com/docs/articles/Cheyne%...

With some hedge funds now having tens of billions of dollars under management they are more than able to allocate a proportion of that AUM to very illiquid assets. Although that fund I have linked to has monthly liquidity.

[Mr Moley]

Most investors in bricks and mortar UK property are institutional pension funds (mostly pooled) or unitised retail funds (not particularly en vogue at the moment). Liquidity in these types of funds is of course limited as if they hold too much cash returning c. 65 bps then they're not really a property fund are they? Depending on what real estate has been doing this can be a significant performance drag (or driver at times in the last few years!) Their IMAs will deal with redemption deferral periods etc but generally you could wait up to 12 months to redeem units if a fund closes.

Most investors looking for real estate exposure with genuine liquidity will buy indirects such as REITS, derivatives or real estate FoF products

[z4chris99]

Cheib said:

It certainly can be....here's one

http://www.cheynecapital.com/docs/articles/Cheyne%...

With some hedge funds now having tens of billions of dollars under management they are more than able to allocate a proportion of that AUM to very illiquid assets. Although that fund I have linked to has monthly liquidity.

a %age yes. I think the OP was talking 100% property backed assets and securities

[Cheib]

z4chris99 said:

a %age yes. I think the OP was talking 100% property backed assets and securities

That Cheyne fund I linked to is 100% property.

[z4chris99]

Cheib said:

z4chris99 said:

a %age yes. I think the OP was talking 100% property backed assets and securities

That Cheyne fund I linked to is 100% property.

its just a debt fund. hardly a 'hedge fund' raising capital and issuing debt. No skill in that.

In my mind a hedge fund who deals wholy in property would have some pretty locked in redemption peroids, invest in investment, debt, mezz, development, etc etc etc..

in which case its just a real estate fund with dabbles in debt financing, like many of us do already

[Cheib]

z4chris99 said:

Cheib said:

z4chris99 said:

a %age yes. I think the OP was talking 100% property backed assets and securities

That Cheyne fund I linked to is 100% property.

its just a debt fund. hardly a 'hedge fund' raising capital and issuing debt. No skill in that.

In my mind a hedge fund who deals wholy in property would have some pretty locked in redemption peroids, invest in investment, debt, mezz, development, etc etc etc..

in which case its just a real estate fund with dabbles in debt financing, like many of us do already

Well they're selling it well as they have a HF fee structure.....

[z4chris99]

most debt or RE funds have much better fee structure than 2/20.

it's a bizarre way of doing things.

[milk2sugars]

Thanks guys! Very interesting