Eres : Digital Library : Works

Paper eres2007_154:
Will Private Equity and Hedge Funds Replace Real Estate in Mixed-Asset Portfolios?

id eres2007_154
authors Bond, Shaun; Soosung Hwang & Paul Mitchell
year 2007
title Will Private Equity and Hedge Funds Replace Real Estate in Mixed-Asset Portfolios?
source 14th Annual European Real Estate Society Conference in London, UK
summary The key question that underlies this paper is whether real estate will continue to have a place in a mixed-asset portfolio, when institutional investors can select from a range of investments outside the core asset classes of bonds and equities. It is often stated that hedge funds, private equity and commodities all offer the benefit of portfolio diversification due to a low correlation with equities. This diversification potential is often used to argue for the inclusion of real estate in a portfolio, hence, if these benefits can be obtained in another way, with the added benefit of liquidity and lower transaction costs, does it imply that real estate allocations will fall? In this paper we investigate in detail the risk and return characteristics of real estate and a selection of alternative assets, the benefits that arise from diversification and role of these assets in an institutional investor’s portfolio.
series ERES:conference
discussion No discussions. Post discussion ...
ratings
session Session B1: Innovations in Real Estate Investment
last changed 2009/11/19 09:01
HOMELOGIN (you are user _anon_701029 from group guest) Powered by SciX Open Publishing Services 1.002