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Europe's Top Property Fund Shows Taste for Risk

Europe's biggest real-estate fund manager has started making its first investments in the U.S. market, in the latest sign of an increased appetite for risk among some European investors. AXA Real Estate Investment Managers, which has €45 billion ($58.2 billion) in assets under management, plans to buy assets worth up to $450 million through its first U.S.-focused fund, according to Chief Executive Pierre Vaquier.

http://on.wsj.com/11ct32K