New Star unveils global hedge fund investing in real estate

White, who joined the firm in September 2007 from Rock Capital, where he ran the Rock Real Estate Securities fund, will use a long/short strategy to exploit cyclical real estate markets, adapting with the market to capture market movements and pricing inefficiencies. He can use sector swaps, real estate funds and real estate derivatives to achieve his target of generating absolute returns, and can also implement gearing. White expects to maintain gross exposure in excess of 100pc, with the portfolio likely to have net long exposure of around 30pc at launch. He said: “Recent turbulence...