Hedge Funds

Bass partnership forms new real estate securities fund

by

A partnership sponsored by Robert Bass has announced it has formed a new investment firm with Jon Fosheim and John Herold, to be called Oak Hill REIT Management LLC and based in Newport Beach, Calif., that will invest in REITS and other publicly-traded real estate companies as well as in long/short equity strategies trading real estate securities.

The partnership is one of a series of partnerships from Oak Hill. Founded 20 years ago, Oak Hill started out as an investment vehicle for the personal assets of Bass, of the billionaire Bass family, but has since evolved into a