All Real Assets articles in November 2010 (Magazine)
View all stories from this issue.
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Magazine
Quality over quantity
It is still a tough environment in which to raise capital. But the diversity of products coming to market shows that there is room for the fund management industry to innovate. Richard Lowe reports
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Magazine
Fill the knowledge gap
A new report by Professor Graeme Newell finds Asian pension funds under-allocated to real estate and in need of reform. An overview of the report and a summary of findings is presented by Peter Mitchell
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Magazine
Managers face taxing times
Demands from regulators and investors are increasing the cost burden for managers just as they are coming under pressure to cut fees and minimise fixed costs. John Forbes reports
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Magazine
Back on the up
Having significantly reduced its exposure to real estate in recent years, German pension fund WPV is in a position to make new investments. Managing director Hans-Wilhelm Korfmacher tells Richard Lowe how he wants to use the opportunity to invest in the Americas for the first time
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MagazineBack to normal
Appetite for real estate remains strong among US institutional investors, whose preference for core assets is no more than a return to more traditional, pre-boom behaviour, as Greg MacKinnon reports
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MagazineFinns forge ahead
After the downturn Finnish pension funds are maintaining or increasing their real estate allocations. Their focus remains on the established, core markets, with an emphasis on alignment, as Gail Moss reports
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MagazineBack in the game
Pension funds returned from the sidelines in 2010 and began making new investments. As Richard Lowe discovered, for many this has meant new allocations to US real estate
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MagazineStockholm comforts
Swedish real estate has been a quiet haven on a continent rocked by economic and market turmoil. As Richard Lowe discovers, this means the country’s pension funds have had little reason to venture beyond the safety of Stockholm
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Magazine
Cautious to the core
The country’s economy has been insulated from the worst of the downturn but stability and long-term security remains central to pension fund investment strategy, borne out by a preference for income and an emphasis on alignment, as Gail Moss reports
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Magazine
Risky business
What are the most important areas of risk that investors need to assess and manage, and has this changed since the onset of the financial crisis? Richard Lowe asked six commentators and found a wide array of issues for investors to consider
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MagazineLife after the crisis
The defining quality of a crisis is change. But there is little analysis on the interpretation of this phenomenon in light of its possible outcome: what changes will the current crisis bring? The scenarios are examined by Xavier Jongen
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Magazine
A public affair
Amid a more bullish atmosphere at this year’s EXPO Real, INREV’s new chairman, Michael Morgenroth and its new CEO, -Matthias Thomas, stress that the industry still faces big challenges, including the need to engage positively and proactively with the regulators. They speak to Martin Hurst
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Magazine
Reappraising the mix
The precise nature of Solvency II is still unclear, but views on the potential impact on the property market vary widely, from exciting new opportunities to the apocalyptic. Allocations will come under scrutiny, as Christine Senior reports
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MagazineEngine of growth
Insurance firms have driven the impressive inflows into German institutional real estate funds in 2009 and early 2010, as Dietmar Fischer finds
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Magazine
All about the details
Insurance companies are holding back on real estate investing because of concerns over Solvency II. Jochen Schenk sets out an alternative approach to risk/return assessment
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MagazineRefinement required
The potential implications for real estate markets of Solvency II are significant but the regulators still have work to do to ensure appropriate treatment for the asset class, as David Skinner reports
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Magazine
Hazards in the road
We often talk of the danger of making assumptions and the regulator’s approach is a case in point. Considerable work is still required, as Michael Englisch and Markus Königstein report
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Magazine
First things first
Two years into the job, Allianz Real Estate CEO Olivier Piani is still on track to achieve his real estate allocation target in spite of a sticky market. He talks to Martin Hurst about strategic allocation objectives, Solvency II, lending and third-party management
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Magazine
Bow to the inevitable
Pension schemes shifting from DB to DC have three choices: pooled funds, bundled funds or REITs. Shayla Walmsley reports
