Serenity Alternative Investments Blog - REIT Wars: The Fed VS Unemployment
PERFORMANCE – Serenity Alternatives Fund I returned +0.09% in May bringing YTD returns to -0.1%. The MSCI US REIT index returned +0.19% bringing YTD returns to -20.8%.PROCESS – While the stock market has celebrated “improving” economic data, companies still have to deal with the upcoming economic reality of 16% unemployment.OPPORTUNITY – A multi-year bull market for REITs is on the horizon, but historically