Timberland Invest...
Follow
Find tag "TIAA"
57.5K views | +42 today
Timberland Investment
Timber Industry | Deals & Transactions | Investment Rationale | Financial Performance | Investors | Asset Managers
Curated by Sam Radcliffe
Your new post is loading...
Your new post is loading...
Scooped by Sam Radcliffe
Scoop.it!

After big TIAA-CREF-Nuveen deal, boom predicted in manager mergers

After big TIAA-CREF-Nuveen deal, boom predicted in manager mergers | Timberland Investment | Scoop.it

“I think you'll see a 'boomlet' in mergers-and-acquisition activity over the next 12 months,” said Ben F. Phillips, partner at Casey Quirk & Associates, a consultancy that advises on asset management deals. “The pricing gap between bidders and askers has narrowed.”
***
“Today, where you're going to see more mergers-and-acquisition activity is in the alternatives field where the major players are seeking expertise in relatively unusual areas,” said Burton J. Greenwald, a fund consultant who works with Franklin Templeton (BEN) Investments (BEN). “That's a special product area that's growing rapidly and requires a very narrow expertise.”


Mr. Phillips agreed that firms with strengths in alternatives are in high demand. He also said asset managers are seeking investment expertise in credit, global investments and multiasset allocation.

more...
No comment yet.
Scooped by Sam Radcliffe
Scoop.it!

TIAA-CREF Deal for Timberland a Sign of the Times?

TIAA-CREF Deal for Timberland a Sign of the Times? | Timberland Investment | Scoop.it

Wildfires aside, timberland is heating up as a pension asset, pun intended...with major acquisitions of two Portland, Oregon–based timberland asset managers announced in less than a month. And now with a big pension fund manager getting in on the action, one can’t help but wonder if other pension funds will see upside here.

more...
No comment yet.
Scooped by Sam Radcliffe
Scoop.it!

Forests’ inflation, correlation appeal attracts pension funds

Forests’ inflation, correlation appeal attracts pension funds | Timberland Investment | Scoop.it

“The performance of our timberland assets has been a very stable part of our portfolio overall,” agreed Sandy LaBaugh, a senior director and portfolio manager at TIAA-CREF. The US pensions giant, which has $515 billion under management, has built up a $1.6 billion forestry portfolio since it began investing in the asset class in 1998. According to figures from David Brand, managing director of New Forests Asset Management, which runs $1.5 billion in forestry assets, US timberland assets were only around 22% correlated with the S&P500 between 1987 and 2010, and negatively correlated with gold and oil.

more...
No comment yet.
Scooped by Sam Radcliffe
Scoop.it!

Alternative Investment Strategies for 2014: TIAA Favors Timber

Alternative Investment Strategies for 2014: TIAA Favors Timber | Timberland Investment | Scoop.it

TIAA-CREF Global Investment Strategist Dan Morris discusses his alternative assets strategies for the new year with Deirdre Bolton on Bloomberg Television’s “Money Moves.” 

more...
No comment yet.
Scooped by Sam Radcliffe
Scoop.it!

TIAA-CREF buys majority stake in timberland manager GreenWood Resources

TIAA-CREF buys majority stake in timberland manager GreenWood Resources | Timberland Investment | Scoop.it

TIAA-CREF has acquired a majority stake in GreenWood Resources, a timberland investment manager with $350 million under management.

more...
No comment yet.