Heitman has launched a new absolute return UCITS IV compliant fund, the Heitman European Real Estate Opportunities Fund, or HERO. HERO, Heitman’s first absolute return investment product focused exclusively on the European real estate sector, is being launched with €25 million of seed capital from Heitman’s financial partner Old Mutual Plc.

The open-end fund’s strategy is designed to capture the attractive long-term investment fundamentals of European real estate. The fund, a Luxembourg SICAV, invests in listed securities (mainly equities) that provide exposure to the European real estate sector; it does not invest in physical property.

“This fund’s strategy incorporates nearly a decade of lessons learned by Heitman in respect to the particularities, unique characteristics and attractive fundamentals of the European real estate sector,” commented Mark Abramson, managing director and head of Heitman’s European public real estate securities group, in a st