Tom Johnson: Managing Director Client Relationship Management Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.1Mb PDF) “Survey of Leading Business Models of Timberland Investment Managers” explores the history of the asset class and the development of the four primary business models that exist within the industry. The pros and cons of the different [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (198Kb PDF) In this latest installment “Collection of Short Topics on Timberland Investment”, Fu takes a fresh look at several questions that investors regularly ask. These include: What are the key risks of investing in timberland? What is the difference between investing in the U.S. versus [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (411Kb PDF) 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 [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (474Kb PDF) 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 [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (389Kb PDF) 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 [...]