The new fund, to be managed by CBRE Clarion Securities, will initially be offered in two classes of shares, Investor (CLSVX) and Institutional (CLSIX).
CBRE Clarion Securities co-CIO and portfolio manager Smith said that the Fund will generate total returns regardless of market direction, which in turn will allow flexibility to pursue opportunities while attempting to mitigate market risk through hedging.
The new fund is also expected to serve as an allocation to alternative investments for investors seeking to enhance the risk/return profile of their overall portfolio through additional diversification and control of volatility.
CBRE Group, headquartered in Los Angeles, employs 31,000 staff, and serves real estate owners, investors and occupiers through more than 300 offices worldwide.
CBRE Clarion Securities manages a total of $19bn in domestic and international assets.
