BMO Global Asset Management has soft closed its €300m F&C Global Real Estate Equity Long/Short fund and has indicated the product could be hard closed in the future.
The property fund is managed by Alban Lhonneur and Marcus Phayre-Mudge and was launched in December 2012. Structured as an absolute return strategy, the fund invests in pan-European real estate securities and can allocate globally on an opportunistic basis. It aims to capitalise on the structural inefficiencies of the listed real estate sector through a long/short strategy. BMO GAM has now decided to soft close the fund after assets reached €300m. Rob Thorpe (pictured), head of UK intermediary, said: "The fund was soft closed last month as it reached €300m. Existing investors c...
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