Have property funds performed? A ULI Europe Policy & Practice Committee report
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Since the mid 1990s there has been a significant growth in the aggregate
size and number of global property funds, largely fuelled by the investment
of significant capital from institutional investors. This falls into two broad
types: the 'core' universe and the 'opportunity' universe.
This growth has seen fund managers launching new funds and raising more
capital at a time when many have been unable to show clear evidence that
their funds have provided historic out-performance against market
benchmarks or performance objectives. Despite the lack of
transparency/clarity as to how well funds perform compared to their peer
group and/or the direct market, many fund management houses have...
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Have property funds performed? A ULI Europe Policy & Practice Committee report
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Have property funds performed? A ULI Europe Policy & Practice Committee report
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