At the recent The Inside Network Income & Defensive Symposium, Mercer principal Andrew Stewart challenged advisers to widen their lens on portfolio risk, warning that a fixation on worst-case scenarios could mean missing out on some of the best-case ones.
Investors have a deep affinity with real estate, but how to classify it within a diversified portfolio is sometimes a dilemma.
With financial markets inching toward a fragile new equilibrium and commercial real estate (CRE) valuations stabilising after several quarters of volatility, John Taylor, head of private capital at Dexus, believes the moment is right for wholesale investors to reconsider their posture on property, particularly those willing to embrace opportunistic strategies that capitalise on dislocated pricing and sectoral asymmetries.
Commercial real estate is at a turning point. After years of rising interest rates, the landscape is shifting — bringing renewed optimism and fresh opportunities.
Today’s ever-shifting global economy, real assets including tangible investments like property and infrastructure are no longer just interesting additions to a portfolio, they’re becoming foundational. Once seen as niche or supplementary, their inherent qualities now place them at the heart of robust investment strategies, helping investors confidently navigate complex markets, manage specific risks, and secure reliable returns.
The attraction of a specialist managed fund should be in the manager’s ability to position the fund to tap into strong and sustained tailwinds. The Barwon Healthcare Property Fund is doing exactly that.
David Di Pilla’s group made its bones flipping unloved real assets into a sprawling network of essential retail centres. Now HMC Capital is leaning into its public/private hybrid style of management and eyeing off investment in a host of sectors.
Eighteen months ago, the fund started by former US banker David Di Pilla announced its target to achieve net-zero for scope 1 and scope 2 emissions by FY28. Alongside this came an energy road map and the first phase of its ‘Energy Management System’, which was subsequently rolled out across 18 sites.
David Di Pilla’s listed property group is shaking things up with a fund that combines the best features of private and public investing to create a pro-active management style equity fund.
Private equity may provide outsized returns, but it comes with a liquidity catch. Traditional listed equity investing doesn’t, but it has its own drawbacks. Combine the two, says HMC’s Victoria Hardie, and you have a better balance.
With some real asset trading at 20 to 30 per cent below their fundamental value, HMC’s David Di Pilla says there are “compelling” opportunities for managers that can spot value and raise capital.
HMC Capital sees “fantastic opportunities” in current market dislocation.
