Steve Smith: Managing Director, Forest Management DOWNLOAD (1mb PDF) Since Timberland Investment Resources, LLC (“TIR”) was formed, it has emphasized research – both biometric and economic. Given that few investors have formal forestry backgrounds but typically have extensive finance and economic training, TIR’s economic research is both more understandable and accessible to most of our [...]

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 [...]