Baron Funds has debuted the Baron Real Estate Fund, a fund that will invest directly in real estate as well as such real estate-related companies as management companies, building products, home furnishings, construction and engineering and infrastructure. The fund even has license to invest in hospitals and correctional facilities and up to 25% of its assets in securities of foreign issuers not publicly traded in the U.S.

Jeffrey Kolitch, who has been Barron’s real estate analyst for the past five years, will manage the fund.

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