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Massive return in first year for CBRE property hedge fund

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  • Massive return in first year for CBRE property hedge fund

    The joint venture fund set up by property fund manager CB Richard Ellis and US hedge fund manager Reech AiM, has delivered an annual return of 29%.The Iceberg Alternative Real Estate Fund recorded a 29.12% return, net of fees, in its first year to May 2008 in spite of the sharp fall in property values [...]

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