All Real Assets articles in May 2010 (Magazine)

View all stories from this issue.

  • Shaken but not deterred
    Magazine

    Shaken but not deterred

    May 2010 (Magazine)

    Although confidence in non-listed funds has suffered in the wake of the downturn, increasing international diversification should help to revive interest in these funds, says Paul Mitchell

  • Magazine

    Gearing up for a new era

    May 2010 (Magazine)

    Investor appetite for leverage in real estate funds has waned since the fallout of the financial crisis. Is there going to be a role for gearing in real estate funds? If so, what is the optimum level? Richard Lowe put these questions to three pension fund investors, a consultant, a ...

  • Magazine

    Build trust

    May 2010 (Magazine)

    Following a recent INREV report showing that life and pension funds are looking to reduce their exposure to non-listed indirect real estate investments Deborah Lloyd argues it is more important than ever for fund managers to demonstrate that their interests are closely aligned with those of investors and that they ...

  • Joined up thinking
    Magazine

    Joined up thinking

    May 2010 (Magazine)

    The downturn has highlighted the need to improve integration of internal processes within investment management firms. But with recovery underway, will managers forget their good intentions? Christine Senior reports

  • Magazine

    Trousers down

    May 2010 (Magazine)

    In 2008 the German property company and fund management house IVG made a loss of €457.1m, a shock to the system after the healthy profit of €301m recorded in the previous year. As the soul-searching began, Gerhard Niesslein took over as spokesman of the board. Today, just over a year ...

  • Shedding the pariah status
    Magazine

    Shedding the pariah status

    May 2010 (Magazine)

    Poor governance has been a feature of the Austrian listed real estate industry. But, finally, it is getting its act together, says Holger Schmidtmayer.

  • Bootstrapping property
    Magazine

    Bootstrapping property

    May 2010 (Magazine)

    Property’s short time series is one of a number of factors that hinder the analysis of its allocation in the multi-asset portfolio. Rahul Srivatsa offers an alternative method

  • The search for returns
    Magazine

    The search for returns

    May 2010 (Magazine)

    In the wake of the financial crisis, investor demand focused on core products in well-established markets. But now investors are moving up the risk curve once again, writes Christine Senior

  • Boring is beautiful
    Magazine

    Boring is beautiful

    May 2010 (Magazine)

    Income has accounted for the majority of returns to commercial real estate investors, and is one of the major driving forces behind market movements. Greg MacKinnon reports

  • Gridlock holds the key
    Magazine

    Gridlock holds the key

    May 2010 (Magazine)

    The need to deleverage has reopened a window of opportunity for mezzanine capital providers, as Charles Graham reports

  • Intelligent finance
    Magazine

    Intelligent finance

    May 2010 (Magazine)

    Using a combination of tactical and strategic debt could be the best way forward in light of recent market turbulence. Robert Davis reports

  • Rebalancing act
    Magazine

    Rebalancing act

    May 2010 (Magazine)

    Quick, cost-effective switching of sectoral exposure moves property derivatives to the investment mainstream, says Will Robson

  • Magazine

    Trading up

    May 2010 (Magazine)

    Managers who overlook the development of property derivatives will struggle to keep up with their peers, says Michael Barrie

  • Volatility – so what?
    Magazine

    Volatility – so what?

    May 2010 (Magazine)

    Tactical allocation is moving up the pension fund agenda. But how to hedge volatility when listed does not do the job and the derivatives market is still too small to invest in? Shayla Walmsley reports

  • Cost benefit
    Magazine

    Cost benefit

    May 2010 (Magazine)

    For investors sustainability has moved up the agenda but performance measurement remains a big challenge. Green issues and residential real estate are two key areas of focus for ULI Europe, as its president, Bill Kistler, outlines to Richard Lowe

  • Magazine

    Poised for a revolution?

    May 2010 (Magazine)

    Is the commercial property industry reaching a tipping point where sustainability is concerned? Tom Ansell and Sophie Walker report

  • Premium pricing
    Magazine

    Premium pricing

    May 2010 (Magazine)

    After the crash all eyes are on emerging risk premia. Sotiris Tsolacos looks at the example of European offices and investors’ impact on yields in individual years and across markets

  • Magazine

    Risk-free rate reality check

    May 2010 (Magazine)

    An expected rise in gilt yields threatens to play havoc with property’s risk-free rate of choice. Gerry Blundell suggests an alternative

  • Appreciate consistency
    Magazine

    Appreciate consistency

    May 2010 (Magazine)

    The IPF has published its latest research into rental depreciation across the UK and Europe. Authors Neil Crosby and Steven Devaney report

  • Magazine

    Rental rules

    May 2010 (Magazine)

    Depreciation substantially affects achieved investor returns; and the subject is more complex than you might imagine, says Malcolm Frodsham