Investment Opportunities
Hazelview
Alternative Real Estate Fund
Overview
Hazelview Alternative Real Estate Fund (the “Fund”) is a liquid alternative designed to meet the demand for liquid real estate while prioritizing reduced volatility, drawdowns and capital preservation.
The Fund utilizes the Liquid Alternative framework, leverages various financial tools including derivatives and fixed-income securities capitalize on pricing inefficiencies across long and short positions, and incorporates dynamic beta management to retain upside capture in bull markets while limiting downside in bear markets.
Investment Approach
Our methodology merges fundamental research with quantitative analysis powered by machine learning. Company fundamentals, market trends, and economic indicators are analyzed while leveraging advanced algorithms to uncover hidden insights and optimize portfolio construction.
Long Only (“LO”): Bread-and-butter process that generates superior return on top of market beta
Uncorrelated Alpha (“UA”): Overlay of diverse trading strategies that can produce alpha in both up and down markets
Dynamic Beta Model: Shifts capital allocation between “LO” and “UA” based on best risk-adjusted upside
Key Facts
| Fund Codes | Series F - HZI 254 Seres F1 - HZI 253 |
|---|---|
| Inception Date | 18-Jan-23 |
| AUM | $5,963,011* |
| Management Fee | Series F - 1.00% Series F1 - 0.90% |
| Fund Manager | Hazelview Securities |
| Distributions | Quarterly |
| Minimum Investment | $500 initially, $100 subsequent |
| RRSP Eligible | Yes |
*As at June 30, 2025.
Global Real Estate Securities investments are managed by Hazelview Securities.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently past performance may not be repeated.
Net Asset Value/Unit
Series F1 Units
$12.43
(As of September 03, 2025)
Series F Units
-
(As of December 31, 2024)
Series F1 Distribution History
2023
| Record Date | Monthly Dividend |
|---|
Series F Distribution History
2023
| Record Date | Monthly Dividend |
|---|
Manager Commentary
Quarterly Highlights - June 2025
- The Fund returned -0.5% on a net basis in June. Equity markets pushed higher during the month, led by strong performance in the technology sector. REITs traded within a tight consolidation range, mirroring the behavior of other defensive sectors such as utilities and consumer staples. The Fund maintained a slightly above-average beta exposure, as REIT valuations continue to screen attractive. However, we remain mindful of broader macroeconomic risks, including approaching trade negotiation deadlines, uncertainties around the U.S. fiscal budget, and an increasingly divided Federal Reserve regarding when and how many rate cuts to deliver over the remainder of the year. In North America, our holdings in CBRE and Hilton continued to be key alpha contributors. CBRE benefits from rising transaction volumes in the private commercial real estate market, while Hilton’s asset-light model focuses on franchise fee revenue. Both companies provide us with exposure to recoveries in the office and lodging sectors without the ownership and operation of physical assets, which may underperform if growth falters. In Europe, industrial REIT CTP delivered another strong quarter, with robust leasing momentum and healthy same-store rental growth. Its development pipeline remains well-positioned, with most projects either pre-leased or located in logistics-constrained markets. Meanwhile, the Asia Pacific region significantly outperformed during the month but our underweight in that region detracted from relative performance. We continue to view parts of the Asian REIT market as overbought and prefer allocating capital to the U.S. and Europe, where value has yet to fully surface given temporary macro headwinds.
The returns are based on Class F1 units, net return.