... M per family to be part of a multiple family office. This practice briefing examines the operation of family offices, with a particular focus on the asset allocation decision-making by family offices and the level of real estate in family office portfolios. Case studies are used to highlight...

... performance Asset allocation Fund objectives Long lease Why have long lease real estate funds grown so rapidly? What are the performance and risk characteristics of long lease real estate funds? To what extent do long lease real estate funds behave like direct real estate or bonds and how...

... benefits for non-listed infrastructure and other asset investment classes were then computed and compared. Lastly, a constrained optimal asset allocation analysis was performed to validate the performance enhancement role of global non-listed infrastructure in a mixed-asset investment framework...

... PCs. In addition, this study provides on-going strategic implications for local and international investors as well as the Indonesian Government. Indonesia Dynamic performance Asset allocation Risk-adjusted returns Portfolio diversification Listed PCs No. of REITs=2 (2018...

... asset allocation analysis shows that Irish REITs are an important ingredient in a mixed-asset investment framework, as their allocation could be scaled effectively across the portfolio risk-return spectrum. Practical implications Irish REITs are an emerging investment opportunity for investors...

... is assessed. Asset allocation diagrams are used to assess the role of student accommodation in a UK property portfolio and in a UK mixed-asset portfolio for a range of property investor types. Findings UK student accommodation delivered superior risk-adjusted returns compared to UK property, stocks...

... and risk factors for the on-going development of the healthcare property sector are also identified. Design/methodology/approach Using annual total returns, the risk-adjusted performance and portfolio diversification benefits of UK healthcare property over 2007–2016 is assessed. An asset allocation...

... REITs in a mixed-asset portfolio over August 2014–February 2018. Design/methodology/approach Using monthly total returns, the risk-adjusted performance and portfolio diversification potential of Spanish REITs over August 2014–February 2018 are assessed. Asset allocation diagrams are used to assess...

... suggesting that at different points in the cycle asset allocation decisions may have been made differently. Practical implications It appears that as investments over the last 15 years real assets in Germany behaved similarly to bonds. It is possible that this phenomenon was driven by an aversion...

... of German REITs over 2007-2015 are assessed. Efficient frontier and asset allocation diagrams are used to assess the role of German REITs (and German property companies) in a mixed-asset portfolio. Sub-period analysis is used to assess the post-GFC recovery of German REITs. Findings German REITs...

...Jon R.G.M. Lekander Purpose The asset allocation decision for a pension portfolio needs to consider several, sometimes conflicting, aspects. Most pension managers use models and processes that are developed for the traditional asset classes for analyzing this problem. The purpose of this paper...

... benchmark asset classes, namely: Australian equities, international equities, Australian fixed income, international fixed income, property, cash and alternatives. The 11 different asset allocation models are constructed within the modern portfolio theory framework utilising Australian ten-year bonds...

..., the inefficiency in itself is a reason to invest in the asset class. The role that investors expect real estate to play in the multi-asset portfolio depends on the methodology used for determining the asset allocation, how the investment universe is defined and what instruments the investor chooses. Kennedy...

... returns, the risk‐adjusted performance and portfolio diversification benefits of SIICs over 2003‐2012 are assessed, with efficient frontiers and asset allocation diagrams used to assess the role of SIICs in a mixed‐asset portfolio. Sub‐period analyses are conducted to assess the impact of the GFC on SIIC...

.... © Emerald Group Publishing Limited 2012 Germany Property investment Social responsibility Sustainable property Institutional investors Asset allocation Given the heterogeneity of the sample a hybrid survey technique was applied to increase the participation rate. This allowed...