RT Journal Article SR Electronic T1 Regional Investment Allocations in a Global Timber Market JF The Journal of Alternative Investments FD Institutional Investor Journals SP 73 OP 87 DO 10.3905/jai.2003.319074 VO 5 IS 4 A1 Kurt Akers A1 Renato Staub YR 2003 UL https://pm-research.com/content/5/4/73.abstract AB With timberland increasingly being considered for inclusion in institutional portfolios due to its diversification potential, sophisticated investors need a reliable methodology by which to evaluate a proper timber portfolio. Evaluating the true investment characteristics of the asset class has historically been difficult due to infrequent valuations. Globalization of the timber industry has also accelerated in recent years, creating a need for an allocation methodology that can encompass timber regions outside of the United States. In this article, an approach is described in which the authors evaluate the true risks and correlation measures for a number of global timber regions, leading to an example of how an appropriate allocation policy can be tailored for investor-specific requirements.