OREANDA-NEWS  On 06 November was announced, that underwriting for certificates of the closed-end investment fund “Baltic Distressed Property fund” (BDPF), (managed by Parex Asset Management), had been closed on October 20, 2008. Baltic Distressed Property fund was registered on April 25, 2008 by the Financial and Capital Market Commission of Latvia. Fund’s base currency is Euro, and the duration of the fund set out in prospectus is 7 years. The objective of the fund is to invest in the Baltic real estate objects and exploit opportunities offered by current Baltic real estate market situation, by purchasing the properties that are sold at a discount against their historical value.