Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.3mb PDF) The increasingly competitive nature of timberland markets has created a perception by some that most of the value has already been extracted from the timberland investment space. In “Insights into Inefficiency and Manager Selection,” Chung-Hong Fu tested this theory by analyzing the long-term upper [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.3mb PDF) In conversations with investors, our experience suggests that they are often aware of some changes in the supply and demand outlook for wood products industry, but they often do not have a complete and informed perspective on the evolving dynamics of the sector. In [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.3mb PDF) As a follow up to the interest generated by “Timberland Investments: A Primer,” Hong has written a new white paper entitled “An Introduction to Global Wood Product Markets and Trade for Timberland Investors.” This paper examines how timber moves up the value chain from [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.2mb PDF) Timberland and farmland are among the real asset categories that have garnered significant attention from investors. What makes an institutional investor choose farmland, timberland, or both? Given their similarities and key investment attributes, it can be challenging for an investor to decide which best [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.1mb PDF) In “A Look at the New NCREIF Timberland Fund and Separate Account Index (TFSAI)”, Chung-Hong Fu, TIR’s Director of Economic Research, provides insight on the new data that is now available to investors with the release of the NCREIF TFSAI Index. Until now, the [...]