Iceberg returns 29% net in debut year

By Daniel Thomas, Property Correspondent

Published: May 19 2008 03:00 | Last updated: May 19 2008 03:00

One of the first specialist hedge funds in the commercial property sector will today tell investors that it has significantly outperformed the broader market recession in its debut year.

The Iceberg Alternative Real Estate Fund recorded a 29.12 per cent return net of fees in the 12 months to May in spite of the sharp fall in property values across the market since summer last year.