The authors study a unique data set in order to examine the performance of a sample of 169
global private equity real estate investment funds across the core, value-add and …

The literature on investment horizon is reviewed in order to enhance the understanding of
potential influences on long-term investing by institutional investors. Investment horizon …

Purpose The South African listed property market has changed its legal basis from property
loan stock companies and property unit trusts to adopt the more familiar international …

Using recent data (2002-2012) from the US financial markets, we study the magnitude and
benefits of Real Estate Investment Trust (REIT) and common stock in portfolio diversification …

In the current environment, investors are increasingly asking: does real estate offer enough
return to warrant the risk? In particular, do investors really understand the increased risk they …

Praise for Active Alpha" Active alpha is the quest for every sophisticated investor. This book
covers all of the key alpha sources currently mined by active managers, reduces the …

This paper investigates the investment strategy that large Canadian pension funds
implement in the private real estate market. Even though they manage just 6% of global …

Private debt fund managers invest in debt positions of private companies through (1) new
issuances or (2) secondary acquisition of loans. In the study reported here, we used data …

Real estate investment portfolios of financial institutions have seen dramatic changes over
the last three decades or more. Historically such property investment decisions have been …

This paper outlines the benefits of long-term investing, as well as the pitfalls. Three key
advantages held by long-term investors include: the capacity to adopt positions where payoff …