TIR Research Library
A cornerstone of TIR’s investment philosophy is its commitment to research. Our proprietary research is incorporated into our investment process and discipline. It is also used to identify and unlock inefficiencies within the asset class. Our team produces research that is pertinent and provides insight into the changing fundamentals of the asset class.
Timberland Returns and the Housing Cycle Demystifying the Link
Chung-Hong Fu: Managing Director Economic Research and Analysis
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As with many areas of the timberland asset class, what appear to be simple, logical relationships are not as straightforward as they may seem. In “Timberland Returns and the Housing Cycle – Demystifying the Link”, Fu discusses timberland investments and how housing starts have historically impacted timberland returns.
Seeking Timberland Alpha: Recognizing The Inefficiencies of the Asset Class
Chung-Hong Fu: Managing Director Economic Research and Analysis
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For those that have thoroughly investigated the timberland asset class, the inevitable dichotomy becomes apparent: understanding that trees grow and become more valuable is simple; understanding what really drives risk and return for the asset class is not so easy. “Seeking Timberland Alpha” explores the inefficiencies within the asset class, why investors cannot expect to buy into the asset class to obtain NCREIF index type returns, and how alpha can be produced in timberland.
Outlook for US Timberland in a Changing Global Marketplace
Chung-Hong Fu: Managing Director Economic Research and Analysis
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With the reduction and potential removal of the Canadian softwood lumber tariffs and the growth of mill capacity overseas, people have asked about the future of the US forest products industry and its impact on US timberland. “Outlook for US Timberland in a Global Marketplace” explores this question by evaluating the economic factors that will influence the US forest products industry and how these factors will lead to the long-term viability of timberland investments in the US.
Is Now a Good Time to Invest in Timberland?
Chung-Hong Fu: Managing Director Economic Research and Analysis
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In times of great change, there are always exciting opportunities. “Is Now a Good Time to Invest in Timberland?” discusses the changes occurring in the timberland investment arena and what these changes mean to investors considering the asset class.
Modern Forest Management Practices
John Paul McTague: Managing Director Forest Management
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In “Modern Forest Management Practices”, McTague provides an advanced, comprehensive overview of modern forest management practices and discusses how those practices lead to improved forest management and investment returns.
Timberland as an Inflation Hedge
Chung-Hong Fu: Managing Director Economic Research and Analysis
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People have questioned whether or not timberland is a hedge against inflation. In “Timberland as an Inflation Hedge”, the evidence is examined to answer this question.
Timberland: The Biological Bond
Chung-Hong Fu: Managing Director Economic Research and Analysis
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When one thinks of timberland, the relationship to fixed income does not readily come to mind. “Timberland: The Biological Bond” discusses the parallels between timberland and fixed income instruments and how timberland portfolios can be structured to create different cash flows.