Absolute snaps up property fund
July 10th, 2007By James Mackintosh
Absolute Capital Management took over an Aim-listed property fund as the Mallorca-based hedge fund manager said it was doing better than expected in performance and in asset-raising.
Absolute, itself Aim-listed, paid €12.5m (£8.5m) for a contract to run the North Real Estate Opportunities Fund. It said it also planned to raise a further €100m to €200m for the fund to start its own property hedge fund.


