All articles by Richard Lowe – Page 94
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Magazine
Staying at home
A year ago, PKA was looking to invest in Asian real estate. Today, it is almost exclusively focused on opportunities in its home market. Richard Lowe talks to Nikolaj Stampe about investing in uncertain times
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MagazineFeeling the squeeze
The denominator effect has caused many investors’ level of exposure to real estate to increase artificially and has placed pressure on their liquidity management. Richard Lowe talks to three European pension funds about their experiences
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MagazineLessons in debt
Why buy a property when you can purchase the debt behind it? Institutional investors are grappling with this very question and, as Richard Lowe discovers, for many it might pose a real challenge
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MagazineAll roads lead to Munich
Munich-based Pacific Star Europe is offering European investors global fund of funds solutions and ‘modular’ access to a range of Asian funds managed by its Singapore-based parent company. Richard Lowe speaks to former E.ON Energie and Allianz Real Estate employees Dirk Große Wördemann and Matthias Stürmer about the challenges they ...
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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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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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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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MagazineFreeze frame
Valuers continue to seek to reflect market sentiment in the face of transactional inactivity. But how realistic is it provide a snapshot of a property’s value when, effectively, there is no market? Richard Lowe investigates
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MagazineBest of both worlds
Robert Steers co-founded one of the most pioneering listed real estate management companies with Martin Cohen in the 1980s. Today, he is advocating the creation of global property portfolios that blend both listed and non-listed. Richard Lowe reports
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MagazineAll aboard the transatlantic ship
A once-in-a-lifetime opportunity or a potential minefield of uncertainty? Richard Lowe talks to both European investors and advisers on the ground about distressed opportunities in the US
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News
Capital calls face defaults and delays
A number of real estate fund investors are defaulting on capital calls or asking fund managers to delay them as they look to rebalance portfolios and generate liquidity.
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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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MagazineRiding through the storm
Recent months have illustrated the unpredictability of the real estate investment markets. William Hill tells Richard Lowe how Schroder Property dealt with the turmoil of 2007-08 in the UK and is now looking to take advantage of the recovery when it comes
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MagazineThe price is right?
The fund of funds sector is growing and attracting a wider range of investors. But, as Richard Lowe discovers, the issue of cost and how this affects performance concerns pension funds
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MagazineBaby boomer or enfant terrible?
Infrastructure is still a young asset class, but it has the potential to grow bigger than private equity or even real estate. First, though, it must attract sceptical investors Richard Lowe reports
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MagazineFilling the void
The absence of an unlisted index has been one of the biggest obstacles for institutions wishing to invest in infrastructure. But this will not be the case for very long, says Richard Lowe
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Magazine
Crisis of confidence
The Pension Fund Real Estate Association’s 18th Annual Plan Sponsor Conference, held in Chicago, could not have taken place at a more uncertain time. Richard Lowe reports from what felt like the eye of the storm
