UK Business Property – The Iceberg Alternative Real Estate Fund, a £100 million hedge fund focussed on UK commercial property derivatives has returned 15% annually after fees since its inception in May 2007 and is down 3% through August, said Stephen Ashworth, who heads the London-based joint venture between money manager Reech AIM Group and the U.K. unit of CB Richard Ellis Group Inc., the world’s largest publicly traded commercial broker.
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