A course introducing the fund management process; specifically applicable to real estate funds. The course revises the real market and the opportunities available before comparing the risks and reward of investment in the underlying asset with investment in shares of a real estate fund (aka indirect real estate investment). When setting up a fund; the various different structures available and the broader legal framework for real estate investment activity in the UK is reviewed. Finally financial analysis of the fund revising portfolio modelling theory and benchmarking performance are demonstrated using spreadsheet models.