The winners of the 2018 Nick Tyrrell Research Prize (Dr Frank Ametefe, Dr Steven Devaney and Dr Simon Stevenson) will present the findings from their paper, ‘Optimal Composition of Hybrid/Blended Real Estate Portfolios’. The paper considers an optimum mix of liquid, publicly-traded assets that may be added to a property fund portfolio to provide the enhanced liquidity required by institutional investors such as UK defined contribution pension funds, which use these funds to gain exposure to real estate as an asset class.
The research indicates that applying formal optimisation techniques leads to a considerable improvement in the ability of the returns of blended real estate products to track the underlying benchmark property index, even with the significant addition of liquid, publicly-traded assets.
Date: Thursday 28 February 2019
Time: 6.00pm - 7.30pm
Drinks Reception: 7.30pm
Venue: Travers Smith, 10 Snow Hill, London, EC1A 2AL
Paul McNamara, Linden Parkside
Dr Steven Devaney, Associate Professor, Real Estate & Planning, Henley Business School, University of Reading
Paul Richards, Head of European Real Estate, Mercer
Dr Alexandra Krystalogianni, Global Head of Research, Allianz Real Estate
Prof. Simon Stevenson, John and Rosalind Jacobi Family Professor of Real Estate, Chair, Runstad Department of Real Estate, University of Washington
The seminar will end with networking drinks, courtesy of Travers Smith.