Real Assets

Investment Publication Highlights: October 2015

October’s publication summarizes four articles discussing commodity price outlooks and implementation. The first two highlight a bullish case for commodity prices that is supportive to global economic growth, the third suggests that any rebound in commodity prices is unlikely to occur until late next year at the earliest, and the fourth argues investors are more likely to benefit from long-short commodity strategies vs. long-only commodity strategies.

What Role Do Real Assets Play in a Portfolio?

Real assets play a variety of roles in a portfolio, including driving growth, generating income, providing diversification, and preserving wealth. Sizing of real assets holdings and the composition of a real assets portfolio should be driven by both investor needs and the intended role of these assets in the portfolio. Generally speaking, portfolios holding real…

US Manager Universe Statistics: First Quarter 2015

This chart book presents representative marketable and hedge fund manager performance for first quarter 2015. The median Global ex US Small-Cap Equity manager posted the highest return (5.9%) for the quarter; the median manager in this asset class returned -1.6% for the one-year period ending March 31, 2015. The median US REIT manager posted the highest…

Assessing the Liquid Alternatives Landscape

The fast-growing but still limited liquid alternatives product suite is unappealing today for most institutional investors, when compared to the broader hedge fund landscape. In certain limited instances the strategies could have a role to play in some portfolios: For investors with small pools of assets that cannot access hedge funds directly, liquid mutual fund…

US Manager Universe Statistics: Fourth Quarter and Calendar Year 2014

This chart book presents representative marketable and hedge fund manager performance for fourth quarter and calendar year 2014. US Real Estate Investment Trust (REIT) managers posted the largest median returns for the fourth quarter (14.2%) and the one-year period ending December 31, 2014 (31.2%).