Pacific Continental Fund Management’s Skylight Capital Build-Up fund has come first in a ranking of real estate hedge funds for Sharpe ratio over the past 36 months and third for compound annual return.
The Barclay Group’s findings prove that Skylight is one of the highest performing and consistent real estate hedge funds. Skylight reported returns of 1.05% for the April trading period and 69.49% culminative growth to date.
Pacific Continental Fund Management have said that these returns have provided investors with growth equal to around double that of the underlying housing market in the fund’s target area of the North.
Peter Phelan, hedge fund manager at Pacific Continental Fund Management, says: "Skylight’s ability to add value while minimizing risk and volatility continues to attract investors. The continued shortfall of new build properties and increased demand from the buy-to-let investor sector support the fund’s strategy."
The main objective of the Skylight Capital Build-Up Fund is to achieve medium to long term capital appreciation by investing in distressed residential properties in the UK.
Skylight Capital Build-Up Fund invests in residential property in the north of England, the hedge fund strategy focuses primarily on buy-to-let in the first time buyer sector of the market. Current assets under management are £34.18 million ($68 million).
No comments:
Post a Comment