University of Reading

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asset management and university of reading - All News and Analysis

• Direct Investment In Commercial Real Estate

  BNET - 2007-03-06

  This paper formed the basis of the keynote address to the Pacific Rim Real Estate Society conference in Melbourne. In the asset allocation process, direct real estate investment suffers from some perceived disadvantages and this paper summarises research, funded by practice, into three of these perceived disadvantages; depreciation in value,...

  Tags: Commercial Real Estate, University Of Reading, Real Estate, Asset Management, Investment, Business Operations, Operational Planning, Finance

• Liquidity in Commercial Property Markets: Deconstructing the Transaction Process

  BNET - 2004-06-22

  One aspect of liquidity is the process by which transactions occur including both how properties are selected for sale and the time taken to transact. The paper analyses data from three organizations; a property company, a major financial institution and an asset management company, formally a major public sector pension...

  Tags: Commercial Property, Liquidity, University Of Reading, Asset Management, Investment, Financial Services, Operational Planning, Business Operations, Finance

• The Return Due to Diversification of Real Estate to the US Mixed-Asset Portfolio

  BNET - 2003-06-01

  Booth and Fama (1992) observe that the compound return and so the terminal wealth of a portfolio is greater than the weighted average of the compound returns of the individual investments, a difference referred to as the return due to diversification RDD. Thus, assets that offer high RDD should be...

  Tags: Return, University Of Reading, Real Estate, Asset Management, Business Operations, Operational Planning

• Correlation Shifts and Real Estate Portfolio Management

  BNET - 2002-04-01

  There is a tendency for the average correlation among assets to increase when the market falls and vice-versa. Thus, assuming that the correlation between assets is a constant over time seems unrealistic. Nonetheless, these changes in the correlation structure as a consequence of changes in the market's return suggests that...

  Tags: Real Estate Portfolio Management, Correlation, University Of Reading, Real Estate, Asset Management, Business Operations, Operational Planning

• The Relationship Between Size, Diversification and Risk

  BNET - 2001-05-16

  Property portfolio diversification takes many forms, most of which can be associated with asset size. This paper tests the empirical relationship between property portfolio size, diversification, and risk, in Institutional portfolios in the UK, during the period from 1989 to 1999 to determine which of these two characterizations is more...

  Tags: Diversification, University Of Reading, Property Portfolio Diversification, Strategy, Asset Management, Security, Management, Operational Planning, Business Operations