All Real Assets articles in December 2009 (Magazine) – Page 2

  • Left out in the cold...?
    Magazine

    Left out in the cold...?

    December 2009 (Magazine)

    Will private equity and opportunity funds be frozen out as the banks begin to unlock credit and become more choosy about who they chose to team up? Dean Hodcroft reports

  • You were warned
    Magazine

    You were warned

    December 2009 (Magazine)

    There were clear signs of an approaching crash. Were they ignored and, if so, why? Andrew Baum reflects

  • Magazine

    Hold out for the upturn

    December 2009 (Magazine)

    A year ago the fear was that a glut of distressed sales would drive down prices. But now the opposite seems true as too much money goes after too few prime opportunities and banks hold on to their assets. Christine Senior reports

  • Magazine

    Waiting to hit a low

    December 2009 (Magazine)

    For those waiting for a 1990s-style fire sale of distressed assets, do not hold your breath. This time things are different, says Lee Menifee

  • The right indirect road
    Magazine

    The right indirect road

    December 2009 (Magazine)

    Property debt funds offer useful indirect exposure to real estate. But investors must choose the fund type carefully to get the right mix of real estate and interest rate risk, says Rob Bingen

  • Signs of life
    Magazine

    Signs of life

    December 2009 (Magazine)

    Lending is returning and CMBS has awoken but for the short term equity rules, says Thierry Leleu

  • Magazine

    Have your cake and eat it

    December 2009 (Magazine)

    You can hedge inflation without giving up so much of the excess return available on riskier assets. David Hunter and Alistair Calvert report

  • Complex substance – handle with care
    Magazine

    Complex substance – handle with care

    December 2009 (Magazine)

    Treaty shoppers are encountering increasing counter-measures. Bart Kruijssen sets out the key issues to be aware of.

  • Peeling away the layers
    Magazine

    Peeling away the layers

    December 2009 (Magazine)

    To evaluate fund managers, investors must appreciate how their per-formance is derived. Malcolm Hunt uses attribution analysis to explain

  • Magazine

    Consistency and comparability

    December 2009 (Magazine)

    One outcome of the crisis is that the industry is re-examining the relationship between fees and operating costs. Simon Mallinson reports

  • A matter of time
    Magazine

    A matter of time

    December 2009 (Magazine)

    Property derivatives can be a valuable alternative to direct investment in real estate, but there are timing issues that investors must be aware of when calculating performance. Nick Blakemore reports

  • Magazine

    Rise to the challenge

    December 2009 (Magazine)

    Determining the hurdle rate is more than just a box-ticking exercise. Be sure to combine the knowledge of acquisitions experts with the skills of risk analysts. Rob Martin and Richard Barkham report

  • The art of prediction
    Magazine

    The art of prediction

    December 2009 (Magazine)

    In today’s market, indicators of real estate performance are more keenly sought then ever before – but how effective are they? Paul Mitchell reports

  • Magazine

    What does the evidence say?

    December 2009 (Magazine)

    The debate about the relative merits of active and passive management of REIT funds continues. Greg MacKinnon examines the research

  • Seen in a new light
    Magazine

    Seen in a new light

    December 2009 (Magazine)

    As the sub-sectors of the US REIT market move in a more homogeneous manner so the potential for diversification within the REIT sector has diminished as Simon Stevenson reports

  • Different strokes
    Magazine

    Different strokes

    December 2009 (Magazine)

    New research asserts that over the long term listed real estate equities are a proxy for direct real estate investment. Steffen Sebastian and Alexander Schätz present their findings

  • How real?
    Magazine

    How real?

    December 2009 (Magazine)

    The research is all very well but out in the market views are mixed, as Shayla Walmsley reports

  • Capital reward
    Magazine

    Capital reward

    December 2009 (Magazine)

    The recent return of capital flows into publicly listed real estate companies could signal that the tide is also turning for the unlisted sector. But which is better placed to capitalise on opportunites? Christine Senior reports

  • Magazine

    New clarity at your fingertips

    December 2009 (Magazine)

    INREV’s new index analysis tool offers a flexible top-down performance measure for the property funds sector and helps investors to compare performance of their non-listed allocations with their specific direct and listed portfolios. Casper Hesp explains

  • Fund managers up their game
    Magazine

    Fund managers up their game

    December 2009 (Magazine)

    With the market conditions still difficult, it is encouraging that the standard and consistency of reporting European non-listed property funds continues to improve, as Andrea Carpenter explains