Browsing: Real Estate

Posts Tagged ‘ Real Estate ’

The Illiquidity Premium and the Market for Private Assets

Apr 14th, 2019 | Filed under: Newly Added, Real Estate, Private Equity, The A.I. Industry, Debt Types of Private Equity, Liquid and Fixed Income Real Estate, Asset allocation, Equity Types of Private Equity, Asset Allocation Models, Other Issues in Private Investments, Operationally Intensive Real Assets, Private Investments, Real Estate Equity Investments, Real Assets, Finance & Economics

The illiquidity premium is one of the most frequently discussed and hotly disputed subjects in financial economics. Speaking broadly, an investment is not a checking account. One generally cannot just “get the cash back” at a moment’s notice, by visiting some equivalent of an ATM. How long will it takeRead More


Striking the Right Balance: Investing in Real Assets

Apr 11th, 2019 | Filed under: Newly Added, Infrastructure, The A.I. Industry, Liquid and Fixed Income Real Estate, Natural Resources and Land, Operationally Intensive Real Assets, Real Assets

In creating the real assets portion of a portfolio, investors should consider several risk factors, such as the sensitivity of certain assets to inflation, interest rate changes (duration risk), or the continued availability of finance (illiquidity risk). In a recent publication, Mercer, the world’s largest institutional investment advisor, explains howRead More


Alternative Real Estate Shows Attractively

Mar 28th, 2019 | Filed under: Newly Added, Real Estate, The A.I. Industry, Liquid and Fixed Income Real Estate, Operationally Intensive Real Assets, Real Estate Equity Investments, Real Assets

PricewaterhouseCoopers, the London-based professional services network, in conjunction with the Urban Land Institute, has prepared a report on ongoing trends in real estate, which sheds some light on the attractions of alternative real estate. The background to the report is the continued and intensifying consensus that a recession is nigh,Read More


Pensions and Real Estate: CEM Benchmarking

Oct 11th, 2018 | Filed under: Newly Added, Real Estate, The A.I. Industry, Institutional Investing, Asset allocation, Asset Allocation Models, Operationally Intensive Real Assets, Institutional Asset Management, Real Assets, Allocating to A.I.

A new paper by Alexander D. Beath and Chris Flynn examines the significance of real estate investing within the portfolios of large European institutional investors from 2005 to 2016. Beath is a senior research analyst with CEM Benchmarking, with a PHD. from McGill University on condensed matter and materials physics.Read More


Intralinks/Global Fund Media Survey of LPs Shows Satisfaction

Sep 25th, 2018 | Filed under: Newly Added, Real Estate, Private Equity, The A.I. Industry, Debt Types of Private Equity, Liquid and Fixed Income Real Estate, Institutional Investing, Hedge Funds, Equity Types of Private Equity, High-net-worth investors, Other Issues in Private Investments, Endowments & Foundations, Institutional Asset Management, Private Investments, Real Estate Equity Investments, Family Offices, Real Assets, Allocating to A.I.

Intralinks has once again collaborated with Global Fund Media in a survey of limited partners on their satisfaction with recent results and on how they see global investment opportunities near-term. As to satisfaction: 18% of LPs say that their results from alternative investments have been better than they expected. ARead More


(IRR)ational Aggregation

Sep 10th, 2018 | Filed under: Newly Added, What about beta?, Real Estate, Private Equity, Debt Types of Private Equity, Equity Types of Private Equity, Private Investments, Real Estate Equity Investments

By Bill Kelly, CEO, CAIA Association Many of us have had the experience of buying a home and often turn to the bank to provide some level of secured funding for that purchase. Banks, of course, require documentary evidence for the value of their collateral which, invariably, results in a market-based appraisal process resultingRead More


Pension Funds, ‘Tilt,’ and Underperformance

Jul 1st, 2018 | Filed under: Newly Added, Performance, Analytics & Metrics, Institutional Investing, Benchmarking & Performance Attribution, Institutional Asset Management, Allocating to A.I.

Christina Atanasova and Gilles Chemla have posted a discussion of pension plans,where holdings show a tilt toward private equity and real estate investments. Atanasova is associate professor of finance, Beedie School of Business,  Simon Fraser University in Burnaby, BC, Canada.  Chemia is professor of financial at Imperial College Business School, London,Read More


KPMG on Real Estate Funds

May 17th, 2018 | Filed under: Newly Added, Real Estate, Liquid and Fixed Income Real Estate, Real Estate Equity Investments, Real Assets, Risk Management & Operations

The outsourcing of fund administration tasks in real estate is not a new idea. But, as KPMG says in a new paper, the marketplace has been slow to take the administrators up on their offerings.  So it may still be the wave of the future even though it has aRead More


The Realities of Real Assets

Apr 3rd, 2018 | Filed under: Newly Added, Real Estate, Liquid and Fixed Income Real Estate, Real Estate Equity Investments, Real Assets

A London-headquartered specialist consultant, bFinance, has prepared a report on the trends that have emerged over the last decade in the way both investors and managers think about the real assets in portfolios. There are, the paper says, three trends at work. First, investors are becoming both more sophisticated andRead More


KPMG’s Report Cards on Real Assets

Jan 23rd, 2018 | Filed under: Newly Added, Real Estate, Infrastructure, Liquid and Fixed Income Real Estate, Institutional Investing, Natural Resources and Land, Operationally Intensive Real Assets, Institutional Asset Management, Real Estate Equity Investments, Real Assets

KPMG has posted a new paper looking at the role of real assets (defined as “anything where there is a tangible/physical asset being traded”) within a portfolio, with a focus on opportunities for U.K. based institutional investors, especially pension schemes. It begins with a brief survey of the field. RealRead More


Real Estate Tops the Willis Alternative Investment League Table

Aug 10th, 2017 | Filed under: Newly Added, The A.I. Industry, Industry Size & Managers, Hedge Funds

Willis Towers Watson (NASDAQ: WLTW) recently posted its Global Alternatives Survey. WLTW is a consultancy with a long history, roots going back to 1828, and that now has 40,000 employees serving clients in 140 countries. The gist of its new report is that the alternatives asset industry has grown toRead More


Real Estate: A Global Outlook

Jul 13th, 2017 | Filed under: Newly Added, Infrastructure, Operationally Intensive Real Assets, Real Assets

PWC and the Urban Land Institute have jointly issued a report on “emerging trends in real estate” around the globe, which stresses that real estate’s attraction as an investment, even as a cross-border investment, has held up notwithstanding unprecedented levels of concern about geopolitics. The “global drift back to domesticRead More


EY on Real Estate Private Equity Trends

Feb 5th, 2017 | Filed under: Newly Added, Real Estate, Equity Types of Private Equity, Other Issues in Private Investments, Private Investments, Real Estate Equity Investments, Real Assets

The global real estate division of financial consultancy Ernst & Young recently published a report on the private equity outlook in the real estate space. As the head of the division, Mark Grinis, says in an introduction, the premise of the report is that success in this space requires managerialRead More


Study Says Pensions May Be Looking for Returns in the Wrong Places

Aug 7th, 2016 | Filed under: Newly Added, Alpha & Beta, Private Investments, Real Estate Equity Investments, Allocating to A.I.

Alex Beath, senior research analyst at CEM Benchmarking, the Toronto-based pension research firm, has produced a white paper on the pension fund performance in the U.S. since 1998, and the news he brings is not good (for pension funds themselves, or for the hedge funds to which they have allocatedRead More


Real Estate: Footloose Money Chasing Cross-Border Deals

Feb 2nd, 2016 | Filed under: Newly Added, Real Estate, Liquid and Fixed Income Real Estate, Real Estate Equity Investments, Real Assets

Savills, a global real estate services provider listed on the London Stock Exchange, has released its annual report on the role that real property plays in the investment world.  Here are some of its key points: Real estate assets constitute 60% of the value of all assets worldwide; Residential realRead More


An Overview of Real Asset Investing

Aug 26th, 2015 | Filed under: Real Estate, Private Equity, Infrastructure, Risk management, Intellectual Property

Guest columnist Andrew Smith, CAIA, provides an overview of real assets and their commensurate risks and rewards.Read More


Does Private Real Estate Actually Have a Low Correlation with Public Real Estate?

Mar 15th, 2015 | Filed under: Real Estate, Private Equity, Institutional Investing, Alpha Hunters, Alpha Strategies

Brad Case, Ph.D., CFA, CAIA, looks at the relationships between public and private real estate.Read More


Focus on U.S. Real Estate Benchmarks: NCREIF Property Index

Jan 4th, 2015 | Filed under: Real Estate, Alpha Hunters, Alpha Strategies, Indexes

Brad Case, Ph.D., CFA, CAIA, guest columnist, continues his series on U.S. real estate benchmarks as he looks at the NCREIF Property Index.Read More


Preqin: Investor Interest in Real Estate Revives

Sep 18th, 2012 | Filed under: Real Estate

The good news from the Preqin survey is that 37 percent of the interviewees said they expect to deploy more capital to real estate over the next 12 months than they did over the last 12 months. The better news is that in a January 2012 survey only 26 percent had said that. Read More


McKinsey: Allocations Will Rise Despite Sticky Fees

Jul 31st, 2012 | Filed under: Real Estate, Private Equity, Alpha Strategies, Asset allocation

The reason for the increased interest in alternatives, McKinsey says, isn’t that the alternatives’ managers are slashing the price of their services. It is, rather, a discontent with the return to be gained from traditional investment. “Even with downward pressure likely over the next few years, revenue yields for institutional alternative products should remain well above the 35 bps average earned on today’s traditional institutional products.” Read More


Alpha Hunters: Investing in Urban Communities

Jun 18th, 2012 | Filed under: Real Estate, Socially responsible investing

K. Robert "Bobby" Turner has overseen more than $12 billion of investment into urban communities (with partners including Magic Johnson and Andre Agassi), find out why..Read More


Alpha Hunters: Looking at Alternative Investments From the Inside Out

Jun 7th, 2012 | Filed under: Hedge Fund Industry Trends, Real Estate, Private Equity, Hedge Fund Strategies, CTA, Derivatives, Institutional Investing, Alpha Hunters, Alpha Strategies, Venture capital, Forex

A deeper look at alternatives with Dr. Bob Swarup, a world-renowned expert and commentator on alternatives and financial markets as well as being a visiting fellow at London School of Economics.Read More


U.S. Rejoins the Globe, Say Consultants

Mar 28th, 2012 | Filed under: Hedge Fund Industry Trends, Real Estate, Private Equity, CTA, Institutional Investing, Alpha Strategies

Consultants expect that managers' need to generate steady income in a low interest rate environment will drive a lot of portfolio turnover in 2012, inclusive of the movement of alternatives into core positions within portfolios, and it will drive one-time U.S. focused investors and managers to look abroad. Meanwhile, pensions are retreating toward passive mandates. Read More


Preqin: Real Estate Funds Turn to Debt Strategies

Feb 5th, 2012 | Filed under: Real Estate

"Farhaz Miah, of Preqin, sets out the numbers for private real estate fundraising in 2011, showing that the market continues to suffer from the impact of the 2008 crisis. He notes, also, that debt strategies have become increasingly popular, both in specifically debt-strategy funds and in opportunistic funds that employ debt strategies as part of a broader structure."Read More