Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.7mb PDF) It happens at different stages but at some point investors realize that the timberland asset class is not as simple as they initially imagined when they started their research. Much of the complexity comes from the inherent heterogeneity of the properties that are acquired [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (578Kb PDF) The NCREIF Timberland Index is a topic of increasing interest to institutional investors and investment consultants. In the past several years, while the public markets have experienced quite a bit of turbulence, questions have been raised about the veracity of the Index and how [...]

Tom Johnson: Managing Director DOWNLOAD (716Kb PDF) An investor’s goal for any asset class is to determine what type of exposure is appropriate given risk and return objectives. Traditionally, style classifications help investors set expectations about how a particular manager or strategy will perform in a given market environment. This determination provides the strategic clarity that [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (215Kb PDF) As we head into 2010, what has struck many investment professionals about the recession we have witnessed is how broad and deep the correction has been. Virtually no asset class has been unscathed. In this context, many look to the NCREIF timberland index and [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2.94Mb PDF) Markets for ecosytem services encompass 1) carbon credits; 2) conservation easements; 3) mitigation banking; and 4) recreational leasing. As demographics and public policy continue to shift, timberland bundle of rights which include these option values are growing in importance. In “Making Trees Greener: Opportunities [...]