Journal of Valuation: Volume 8 Issue 3

Risk and Return: Constructing a property portfolio

Bryan D. MacGregor

Considers the role of property in a multi‐asset portfolio andhighlights the need for property to be subject to the same analyticalframework as other assets in the portfolio…

Problems of property performance measurement

Colin Barber

Considers the important ways in which property is different fromother investments and the problems associated with measurement ofinvestment performance in the property market…

Property and asset allocation – 1 The consulting actuary′s view

David P. Hagar

Presents an actuary′s viewpoint of the role of property within amulti‐asset portfolio and assesses the suitability of property as anasset in relation to the liability profile of…

Property and asset allocation – 2 The broker′s view

Alastair Ross Goobey

Considers the role of pension funds′ real portfolio structure andthe role of property within that portfolio, discussing the need forestablishing parameters. Compares business risk…

Direct property and property shares

Piers Venmore‐Rowland

Discusses the performance of equities, direct property and propertyshares and provides a background for comparing the advantages anddisadvantages of these two distinct types of…