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The average real estate fund lost 6.6percentt.
Investors in Standard Life's UK real estate fund have discovered the latter drawback.
bloomberg news JPMorgan Invests in its Own Real Estate Fund | A JPMorgan Chase real estate fund, Junius Real Estate Partners, had planned to draw just 3 percent of its capital from the bank, according to The Wall Street Journal.
REUTERS Head of Morganan's India Real Estate Fund to Step Down | Naresh Naik, who runs Morgan Stanley's real estate fund in India, is leaving that job to start his own fund, Reuters reports.
Daniel Neidich, chairman of Goldman's real estate fund, did not return calls requesting comment.
The chief attraction seems to be Kmart's real estate, fund managers invested in the company said.
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Among the funds introduced last year were the CNL Global Real Estate fund, the ING Asia-Pacific ReandEuropeannd EuRealan REstatetate funds, and the Janus Adviser Global Research and Global Real Estate funds.
It recently closed its sixth real-estate fund, of $8 billion.
Another Clinton confidant, Ron Burkle, put a hundred and five million dollars into a real-estate fund with Follieri, though Burkle took steps to limit his own exposure.
Recently, though, sales have stepped up, and in September, a Swiss real-estate fund bought 73 apartments in the Chedi, at a price reported in The New York Times to be $130m £85mm).
"If rates are rising because of inflation, real estate has historically been viewed as an inflation hedge and a store of wealth," said David M. Lee, manager of the $2.9 billion T. Rowe Price Real Estate fund.
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