This research contributes to a better assessment of risk factors impacting non-listed real estate fund returns. Both … macroeconomic risk factors although our analyses suggest that non-listed real estate is more akin to direct real estate than it is …

over time, even for long holding periods, so that yield risk becomes an increasingly important component of property …-level risk for longer investment horizons …

This study has 4 contributions to the literature. First, the authors analyze the risk characteristics for 11 Relative … data such as average drawdown, run up, and liquidity from each hedge fund category to assess the risk. Third, additional …

metric for assessing hedge fund performance, comprising both the relative the advantage and risk of the alternative …

predicts higher uncertainty and greater noise in real estate prices in the short and medium run, and lower longitudinal risk in … structural changes in real estate market risk …

Market-wide, stock market specific, and real estate market specific risk – what kind of risk and to which extent drives ….S., we show that at least two thirds of the risk premium of listed real estate are driven by the same factors as direct real … estate. Our results shed new light on the risk-characteristics of listed real estate returns and are of high interest for …

Market-wide, stock market specific and real estate market specific risk - what kind of risk and to which extent drives ….S., we show that at least two thirds of the risk premium of listed real estate are driven by the same factors as direct real … estate. Our results shed new light on the risk-characteristics of listed real estate returns and are of high interest for …