Philadelphia, PA – January 3, 2012 – CBRE Clarion
Securities today announced the launch of the CBRE Clarion Long/Short Fund (the
“Fund”) effective January 3, 2012. The new Fund will draw upon CBRE Clarion’s
many years of experience managing private long/short hedge funds since
2000.
T. Ritson Ferguson, CEO of CBRE Clarion Securities and co-portfolio
manager of the Fund said, “In this fund, we are delighted to offer our original
hedge fund strategy, which has delivered attractive total returns during the
last 11 years with low volatility due to the strategy’s historical ability to
provide downside protection in difficult markets.”
The new Fund will be managed by CBRE Clarion Securities, which is one
of the world’s largest real estate securities managers and oversees
approximately $19 billion in domestic and international assets.
The firm has managed long-only separate accounts since 1984, long-only
mutual funds since 1997, and long/short strategies since 2000. T.
Ritson Ferguson, CFA, Steven D. Burton, CFA, and Joseph P. Smith, CFA are the
primary portfolio managers for the Fund. Individually, the
portfolio managers each have over 20 years of investment experience and have
worked together for approximately 15 years managing investment
portfolios.
The team will leverage its long history of managing long-only mutual
funds together with its eleven years of experience in managing long/short funds
to deliver a long/short mutual fund with daily
liquidity.
The Fund will seek to provide attractive total returns while attempting
to preserve capital and mitigate risk by employing long and short positions in
equity securities of companies that are principally engaged in the real estate
industry. “The Fund seeks to generate attractive total returns
regardless of market direction. This approach allows us
flexibility to pursue opportunities with conviction while attempting to mitigate
market risk through hedging,” said Mr. Smith, co-CIO and portfolio
manager. This fund may be appropriate within an allocation to
alternative investments where investors are looking to enhance the risk/return
profile of their overall portfolio through additional diversification and
control of volatility.
CBRE Clarion Securities will initially be offering two classes of
shares for the Fund: Investor (CLSVX) and Institutional (CLSIX).
There are no sales charges associated with the Fund and CBRE Clarion
Securities has agreed to cap the fund’s expenses for the benefit of
investors.
For more information on the Fund, please visit www.cbreclarion.com, or
call Jim Taft at 610. 995.2500.
About CBRE Clarion
Securities
CBRE Clarion Securities is a
registered investment advisory firm specializing in the management of global
listed real estate securities for both institutional and individual investors.
Headquartered near Philadelphia, Pennsylvania, the firm manages approximately
$19 billion in assets and has over 70 employees located in offices in the United
States, United Kingdom, Hong Kong, Japan, and Australia. Please visit our
website at www.cbreclarion.com.
CBRE Clarion Securities is the listed equity management arm of CBRE
Global Investors, an industry-leading real estate investment management firm
that sponsors investment programs across the risk/reward
spectrum.
CBRE Global Investors is an independently operated affiliate of CBRE
Group, Inc. (NYSE:CBG), and accesses the research, local market intelligence,
investment sourcing and resources of the world’s premier, full-service real
estate services company to better understand real estate market conditions for
the benefit of its investors. As a real-estate-only investment firm owned by a
Fortune 500 real estate services company, CBRE Global Investors has an
unparalleled ability to understand real estate markets, originate sound,
market-based investment ideas, and access
opportunities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world’s largest commercial real estate
services firm (in terms of 2010 revenue). The Company has
approximately 31,000 employees (excluding affiliates), and serves real estate
owners, investors and occupiers through more than 300 offices (excluding
affiliates) worldwide. CBRE offers strategic advice and execution for property
sales and leasing; corporate services; property, facilities and project
management; mortgage banking; appraisal and valuation; development services;
investment management; and research and consulting. Please visit our Web site at
www.cbre.com.
The hedge fund performance referenced is the performance of the
predecessor fund. The predecessor fund was not a registered mutual fund and was
not subject to the same investment and tax restrictions as the Fund. Performance
information reflects all fees and expenses, including a performance fee,
incurred by the predecessor fund. The performance information has not been
adjusted to reflect Fund expenses. If the performance information had been
adjusted to reflect Fund expenses or the same restrictions applied, the
performance may have been higher or lower for a given period depending on the
expenses incurred by the predecessor fund for that period. Past
performance is not indicative of future results. The investment return and
principal value of an investment will fluctuate so that an investor’s shares,
when redeemed, may be worth more or less than their original cost and current
performance may be lower or higher than the performance quoted. For performance
data current to the most recent month end, please call 855.520.4CCS
(4227).
To determine if this Fund is an appropriate investment for you,
carefully consider the Fund's investment objectives, risk factors, charges, and
expenses before investing. This and other information can be found in the Fund's
prospectus, which may be obtained by calling the Fund’s distributor at
855.520.4CCS (4227) or by visiting the website at www.cbreclarion.com. Please
read the prospectus carefully before investing.
Diversification may not protect against market
risk.
Mutual fund investing involves risk, including possible loss of
principal. In addition to the normal risks associated with investing, short
sales losses are potentially unlimited and the expenses involved with the short
strategy may impact the performance of the Fund. With short sales, you risk
paying more for a security than you received from its sale. The Fund may engage
in leveraging and other speculative investment practices which could increase
the risk of loss. It may also invest in derivatives, which are often more
volatile than other investments and may magnify the Fund’s gain or losses. Real
estate investments are subject to changes in economic conditions, credit risk,
and interest rate fluctuations. The Fund is non-diversified. There can be no
assurance that the fund will achieve its stated
objectives.
The CBRE Clarion Long/Short
Fund is distributed by SEI Investments Distribution Co., which is not affiliated
with CBRE Clarion Securities or any of its affiliates. The CBRE Clarion
Long/Short Fund is available to U.S. investors only.