Thought Leadership

Office Demand After COVID: Threat or Opportunity for Real Estate Investors?

After watching their employees successfully work from home during the COVID-19 pandemic, a number of CEOs might plan to adopt that model permanently. While this may temper demand for office space, the long-term viability of the concept is unproven. To find out how it might all play out and what it means for investors, Chief Investment Officer spoke recently with William Pattison, head of real estate research at MetLife Investment Management, and his colleague Mark Wilsmann, head of real estate equity strategies.

Factors first: a risk-based approach to harnessing alternative sources of income

Institutional investors can enhance their ability to capitalize on the yield and diversification benefits of alternatives universe. This approach allows investors to stitch together multi-asset portfolios in a more efficient, coherent way. Executing this, however is no simple task. If done incorrectly, investors risk negating some of the diversification benefits that make alternatives such valuable contributors to stronger, more resilient portfolios.

Valuing a Lost Opportunity

An Alternative Perspective on the Illiquidity Discount

Partial Risk Transfers: Less Than Meets the Eye

Actuarial firms, bankers and insurance companies have been urging U.S. defined benefit plan sponsors to transfer their liabilities to a third party. Transferring the total liability has proven too onerous for most plan sponsors, so these institutions have been pitching partial risk transfers (PRT) instead. However, the touted long-term cost savings and pension risk reduction may turn out to be underwhelming, if not elusive.