All Magazine articles – Page 96
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MagazineNo room to manoeuvre
Evidence suggests that pension funds remain committed to real estate in the medium term despite the recent turmoil in the markets. Yet, in the short term many are finding it difficult to commit to new investments as the denominator effect takes hold. Richard Lowe reports
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MagazineOpportune moment
Continual outperformance is rare, so today’s market conditions may make the extra expense of an active strategy particularly hard to justify. Yet some investors are heading further up the risk curve, as Paul Mitchell reports
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MagazinePower to negotiate
Investors should scrutinise the management they are paying for to test the appropriateness of the fees paid, says Frank Rackensperger
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MagazineNew reality, new priorities
The downturn has moved alignment of interests and the use of INREV Guidelines up the agenda while the appetite for higher-risk investments remains in spite of the increased volatility. Andrea Carpenter presents the findings of INREV’s 2009 Investment Intentions Survey
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Magazine
Playing it safe
As the downturn bites the latest Emerging Trends survey shows increased interest in apartments and industrials as well as a move up the popularity stakes for Denver, Houston and Boston. Robert Ruggles and Chuck DiRocco report
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MagazinePriceless property
As transactional data has almost entirely dried up, the true market value of real estate is shrouded in uncertainty. Richard Lowe speaks to three pension funds about what this means for their existing portfolios and investment strategies
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MagazineStyle and refinement
INREV has taken another major step towards the creation of a styles classification tool, as Andrea Carpenter reports
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MagazineStill more selective
As the downturn demonstrates the degree to which some Asian markets are coupled to the rest of the world investors are retrenching in markets that offer stability, liquidity, transparency and sound fundamentals, as Kristen Paech reports
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MagazineTake stock
The state pension fund of Finland is aiming to grow its real estate exposure over the coming years. But managing director Timo Löyttyniemi tells Richard Lowe how the current market uncertainty has prompted VER to review its existing investments
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MagazineNew optimism
Despite the recession, investors still see the US as providing the most stable and secure investments.Buoyed by some recovery in lending, cross-border investment into the country looks set to increase sharply, as James Fetgatter reports
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MagazineDry and dry again
The massive injections of cash into the financial system have not brought forward a recovery in commercial real estate markets, as Lynn Strongin Dodds reports
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MagazinePay and display
Do current policies for the remuneration of executive directors of listed property companies deliver value for shareholders? In many cases more transparency and accountability is required, says Phineas Glover
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MagazineDo your homework
Real estate poses pension funds with varying challenges. Trustees may start with a good knowledge base compared with other asset classes, while overseas markets call for investors with more external expertise. Richard Lowe talks to three funds
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MagazineTime to shine
The real estate philosophy at AMF Pension is more about concentration than diversification. And with a price correction coming to Sweden, now could be a prime time for equity-rich local investors, Mats Hederos tells Richard Lowe
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MagazineKnow your limits
The level of governance resources at pension funds is one of the leading drivers behind how they approach real estate investments. Richard Lowe talks to schemes about their experiences
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MagazineStand firm
A new survey by the Pensions Management Institute and Prupim offers some good news – UK pension funds are sticking with real estate despite the turmoil in their home market. But as Richard Lowe discovers, more surprising is what they want to see from their investment managers
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MagazineUnlikely winner
Iceland’s pension funds aren’t in the front line of the crisis but some investments are in grave danger now. Those seeking a safe haven may allocate more to what is tangible – and understandable. Cue real estate. Gail Moss reports
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Magazine
Caution and creativity
In these pressured times Danish pension funds need to do more to convince their boards of the case for real estate investment, Gail Moss finds
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MagazineCool Finns unfazed
Allocations are edging upwards in spite of the turmoil. The introduction in Finland of REITs, scheduled for next year, may boost prospects, as Gail Moss reports
