The Role of Asset Allocation in Investment Performance: Evidence from University Endowment Funds

2008 ◽  
Author(s):  
Keith C. Brown ◽  
Cristian Ioan Tiu ◽  
Lorenzo Garlappi
Keyword(s):  
Asset Allocation ◽  
Investment Performance

Landmark buildings and diversification opportunities in the residential market

2016 ◽  
Vol 9 (4) ◽  
pp. 429-445 ◽  
Author(s):  
Lucia Gibilaro ◽  
Gianluca Mattarocci
Keyword(s):  
Asset Allocation ◽  
Time Horizon ◽  
Efficient Frontier ◽  
Diversification Strategy ◽  
Content Type ◽  
Risk Return ◽  
Good Investment ◽  
Asset Class ◽  
Housing Investments

Purpose This article aims to analyze the performance and risk of landmark building in the housing sector and to evaluate their usefulness for a diversification strategy. Design/methodology/approach After comparing summary statistics on the performance of landmark building with respect to other types of housing investments, the article evaluates their usefulness for a diversification strategy. The role of landmark buildings is studied using the modern portfolio theory and evaluating the role of this type of asset in the optimal asset allocation. The analysis is performed considering both the risk/return trade-off in a one-year and a multiple-year time horizon. Findings The results show that a landmark building can be a good investment opportunity, especially for high-risk/return investors. A not perfect correlation of the returns of this asset class with other types of housing investments implies the existence of a minimum investment in this asset class for almost all portfolios on the efficient frontier. Results are robust with respect to the length of the investment time horizon. Originality/value The article presents a unique analysis of intra-housing market diversification opportunities focusing on the role of landmark building in the portfolio construction. Empirical evidence supports the hypothesis that real estate investors can take advantage of investing in landmark buildings in the residential sector as well because there are no reasons to limit such investments to trophy buildings in the office and commercial sectors.

scholarly journals KAJIAN EVALUASI KINERJA INVESTASI KABUPATEN GARUT

2019 ◽  
Vol 6 (2) ◽  
pp. 110-118
Author(s):  
Dadang Syafarudi
Keyword(s):  
Performance Evaluation ◽  
Spatial Planning ◽  
Evaluation Study ◽  
Regional Government ◽  
West Java ◽  
Investment Performance ◽  
Dry Land ◽  
Production Forests ◽  
Potential Conditions

Based on the National Spatial Planning and Spatial Planning of West Java Province in 2010, the role of Garut Regency is related to the spatial structure policy of the West Java region which sets two regional categories, namely the main area and the supporting area, in this case the Garut Regency as the central supporting region support economic growth in the main region together with the regions of Sukabumi and Cianjur Regencies. In the Provincial Spatial Planning plan that shows the dominant allocation of economic activity, Garut Regency is allocated for dry land agriculture activities, production forests, plantations, and fisheries. Investment Development Policy in Garut Regency is stipulated in the Regional Regulation of Garut Regency Number 14 of 2012 Regarding Investment Chapter III Direction of Investment Policy in the Region. The purpose of the Garut Regency Regional Investment Performance Evaluation Study is to provide convenience for the Regional Government in this case the Integrated Investment and Licensing Office and various other parties such as the general public, prospective investors in determining the choice of various alternative investment opportunities. the methodology to be carried out in the Garut Regency Investment Performance Evaluation Study, carried out several analyzes. These analyzes can be seen from the potential conditions (natural resources, human resources), supporting infrastructure, policies and economic conditions in the area around the Garut Regency Investment Area.

scholarly journals Capital market development over the long run: the portfolios of UK life assurers over two centuries

2021 ◽  
Author(s):  
David A Bogle ◽  
Christopher Coyle ◽  
John D Turner
Keyword(s):  
Capital Market ◽  
Asset Allocation ◽  
The United States ◽  
Market Development ◽  
Historical Contingency ◽  
Government Response ◽  
Long Run ◽  
The Uk ◽  
Macroeconomic Environment

Abstract What shapes and drives capital market development over the long run? In this paper, using the asset portfolios of UK life assurers, we examine the role of regulation, historical contingency, and political reactions to events on the long-run development of the UK capital market. Government response to events such as war, hegemony-secured peace, and the wider macroeconomic environment was the ultimate determinant of major changes in asset allocation since 1800. Furthermore, when we compare the UK with the United States, we find that regulation played a limited role in shaping the asset portfolios of the UK life assurance industry.

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