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LIM property fund shorts its way to success

But the big property funds in Asia may not be able to emulate the hedge fundÆs returns.
Hedge funds specialising in property are rare, even in the United States, and in Asia there is only one: the LIM Asia Alternative Real Estate Fund. This was one of AsiaÆs most successful specialist hedge funds in 2006, recording a 37% return. Its manager, Peter Churchouse, attributes this success to both the volatile nature of AsiaÆs markets as well as his fundÆs ability to short listed property plays.The biggest market for property is the United States, which is dominated by real-est…
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