Investor indifference shifts focus toward liquidity in global property

Global property funds have had to halt forays into distressed areas of the market as a lack of inves...

Global property funds have had to halt forays into distressed areas of the market as a lack of investor interest forces managers to focus on maintaining liquidity levels, according to new research. New York-based real estate investment manager Clerestory Capital Partners says just as "once a generation" investment opportunities have begun to develop, investors have sharply reduced new capital commitments to opportunistic real estate funds. Since the height of the credit crisis last September, Clerestory says fund managers have had to downsize, delay or withdraw product offerings. "Wit...