Harcus Parker is considering whether to pursue legal action against Home REIT’s sister fund Home Long Income, which has suffered similar losses to the listed vehicle and is also under investigation by the Financial Conduct Authority.
The open-ended Home Long Income (HLIF) fund, which was launched by Alviarum two years before Home REIT's flotation, also sought to deliver secure inflation-protected income and capital growth by investing in a portfolio of UK homeless shelters. As of the end of December 2023, the fund held around £200m in assets under management from pension funds and other institutional investors. According to a recent Securities and Exchange Commission filing by AlTi Global - the Nasdaq-listed company that absorbed the fund after its merger with Alvarium in January 2023 - HLIF's financial performanc...
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