All Real Assets articles in October 2008 (Magazine)
View all stories from this issue.
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MagazineNew powerhouse on the block
GE Real Estate has been in the property business for 50 years. Having invested primarily for itself during that time, it is now set to take the world of investment management by storm – rather late in the day, it would seem, and now facing a depressed market.
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MagazineDrive carefully
Gearing has done much to boost real estate fund performance during the boom years but the downturn has thrown the disadvantages of a highly levered strategy into sharp relief. Don’t abandon debt, just understand it and use it wisely, say Chris Hoorenman and Maarten van der Spek
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Magazine
It’s big, it’s bad and it’s back
Inflation has returned; its impact on the housing market is apparent. To make matters worse, emerging markets – a major cause of inflation – are unlikely to change course.
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MagazineBack to the future
As inflation creeps back into the system the need for an effective hedging strategy becomes clear. Property in general and real estate securities in particular can play a valuable role, as Robin Goodchild reports
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MagazineFar from the madding crowd
Banks with any real appetite for lending are few and far between and seem justified in their strict conditions and high margins. Yet while developers suffer, many pension funds could benefit. But how long will the new realism last?
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MagazineSetting the standard
The UK unlisted funds industry is a global leader in terms of transparency, according to Rachel McIsaac, the energetic CEO of its representative body, AREF.
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MagazineInside job
Pension funds are losing property talent to fund managers. But will pay promises be enough to keep them? Shayla Walmsley finds out
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Magazine
Seize the opportunity
US investors have increased their sophistication in real estate investing – more private real estate, a greater risk appetite and use of synthetic investment tools.
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MagazineVariations on a catch-up theme
CEE pension fund allocations to real estate are still small compared with those of their western European counterparts as the region’s pensions property patchwork gets to grips with the asset class.
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MagazineCalm in the storm
The turmoil has not fazed investors that are considering an increasingly broad range of investment options. The consultant perspective of a largely UK-based investor client base is provided by Greg Wright
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MagazineHome or away?
Continental Europe is the obvious next step for UK pension funds keen to diversify their domestic-based portfolios. But, as Richard Lowe discovers, its deteriorating outlook has strengthened the case for ‘going global’ while many are seeking opportunities at home
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MagazineThe pension funds’ dilemma
Pension funds were recently accused of making such excessive demands on fund managers that they effectively talked themselves to the back of the queue. Should they be bargaining at all – and, if they should, is it every scheme for itself?
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Magazine
East or West?
Global diversification is the order of the day for many European pension funds. For some, Asia is the obvious destination to diversify away from European real estate. For others it’s the US.
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MagazineA vital interface
Is the property industry too wary of the EU? The Union has a central role in bringing the industry together. John Frederiksen reports
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MagazineStrong and weak
Economic uncertainty and shaky credit markets will remain key investor concerns for some time while demand for property in emerging markets will remain strong, as Fergus Hicks reports
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MagazineGrowing pains
Danish pension fund ATP signalled its international intent this year with its first real estate investments outside Europe. Michael Nielsen tells Richard Lowe about the challenges in managing a global indirect portfolio that is growing larger than its direct domestic counterpart
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Magazine...divided we fall
Progress in advancing sustainable real estate could be enhanced if the industry were to speak with one, clear, united voice, says Carl Bennett
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Magazine
Getting focused
ING Real Estate’s fund of funds business goes global and Asia Pacific products continue to accumulate. In Europe, lower expected returns from core direct new fund launches towards distressed opportunities, alternatives assets and sector-focused strategies.
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MagazineLure of the Orient
Developing Asia is complex, diverse and inefficient but it is likely to remain ahead of its rivals for a while. Kristen Paech reports
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MagazineAll eyes east
Some of Europe’s eastern markets are showing strong progress but investors must watch prices as risks increase in some areas. Mark Faithfull reports
