Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (880kb PDF) When investors consider how and when to enter the timberland asset class, there are many considerations that must be weighed. In his latest white paper, “Capital Placement in Timber,” Chung-Hong Fu examines the benefits of vintage-year diversification, discusses the drawbacks associated with market timing, [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (938kb PDF) With the relatively recent drop in oil prices, immediate questions arose about what this drop in prices means to a timberland investor. In short, there are three primary ways in which a large adjustment in oil prices can impact the performance of timberland investments. [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (564Kb PDF) While investors understand the fundamental benefits of diversification within the timberland asset class, the issue of how to achieve diversification goals is often an elusive question. Among other things, a lack of quality data and a clear understanding of the underlying risk and return [...]

Steve Smith: Managing Director, Forest Management DOWNLOAD (1mb PDF) Since Timberland Investment Resources, LLC (“TIR”) was formed, it has emphasized research – both biometric and economic. Given that few investors have formal forestry backgrounds but typically have extensive finance and economic training, TIR’s economic research is both more understandable and accessible to most of our [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.3mb PDF) The increasingly competitive nature of timberland markets has created a perception by some that most of the value has already been extracted from the timberland investment space. In “Insights into Inefficiency and Manager Selection,” Chung-Hong Fu tested this theory by analyzing the long-term upper [...]