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Building a real estate nest

The Phoenix Four portfolio focuses on real estate and real estate financial products in the US. Hedge Funds Review finds out what makes the fund tick

With global property proving a relatively safe harbour from the stormy waters of equity investment over the past two years, one may expect the opportunities for investing in distressed property to be limited. But in searching out distressed commercial mortgages whose outlook is expected to improve, the Phoenix Four fund has made healthy returns.


In a broad sector that has gained a bad reputation

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