A Wave of REIT Mergers Means This Activist Hedge Fund Gained 24.7% In 2015

Land & Buildings, posted a blowout 2015, earning 24.7% net of fees, according to documents obtained by FORBES. Those gains soundly trumped the S&P 500 Index's 1.4% gain on the year and a 1.8% gain in the MSCI U.S REIT Index.