Thames River Capital is launching a Ucits-compliant European Real Estate Equities fund for the end of March.
The firm says the fund will be able to sell securities short when necessary. Marcus Phayre-Mudge, co-manager of the Irish-domiciled fund with James Wilkinson, says it aims to beat the FTSE EPRA / NAREIT Developed Europe Capped index, in sterling terms in all market conditions. The firm's nine-member property team already manages £729m in one hedge fund and three long-only products. Wilkinson says: "Real estate is a long-term real asset that offers relatively high levels of income return. Rental yields in excess of 7% in Europe and the UK are significantly ahead of the yields from E...
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