Arete Invest closed its first sub-fund, CEE, having it erased from the registry of the Czech National Bank (ČNB). The sub-fund appreciated by more than 100 percent over the two years of active management. In October 2016, the fund offloaded its residential portfolio of a few hundred flats to the international investor. Arete Invest paid out investors in early 2017 and is currently offering the opportunity to invest into a second sub-fund, CEE II, with annually yields expected to net between 11 and 16 percent. Last year, Arete Invest reported a yield of 25.7 percent, according to its co-founder, Lubor Svoboda.
