Publication

The evolution of institutional timberland investment strategy

Caulfield, J. P.

Institutional timberland investing has evolved significantly since this asset class entered the marketplace in 1981. Early timberland funds provided returns primarily through moderate but consistent biological growth. They were also marketed as an unusual diversification opportunity. Over time, increased competition among timberland investment managers forced them to find new ways to enhance returns. Three successful strategies include: (1) market timing, (2) rapid biological growth, and (3) optimal diversification of timberland portfolios.

Fiscal Year: fy98 ·  Problem Area: pa98-1 ·  Theme: cctrgnas ·  Source: extra   <== Explain

Caulfield, J. P. 1998. Pages 123-127 In: Kluender, R. A., N. B. Smith, and M. M. Corrigan. University of Arkansas,Monticello, AR. Proceedings of the 1997 Southern Forest Economics Workers Meeting.

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