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Why US wildfires could shape the timberland market

The devastation inflicted on the West Coast raises complex questions about the impact of harvesting restrictions and the ‘Roadless Rule’ in federally managed forests.

Rare valuation dip raises questions for US timberland

Insiders say a depreciation of nearly 1% for Southern assets could reflect methodological quirks or appraisers' lower expectations on timber prices.

Virtuous investors need serious benchmarks

An ambitious campaign to stop deforestation in Brazil hints at how institutions’ fiduciary clout can help bring about crucial change – and under what conditions.

Exclusive: CalSTRS looks to bolster ag portfolio with fresh commitments

The $224bn pension is considering capital injections into a fund and a separate account, as it seeks high single-digit returns from its nascent agriculture program, says director Paul Shantic.

Idaho approves plan to reinvest $180m in ag and timber

The Department of Lands has already hired an advisor for its in-state timber acquisitions and is planning to add another for farmland, acting director David Groeschl tells Agri Investor.

CalPERS’ forestry portfolio gathers pace but remains in the slow lane

The $351bn pension fund’s results in real assets at large exceeded the benchmark by 1.19 percentage points, driven by infrastructure.

New Forests hits full deployment on A$707m antipodean fund

The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.

Why Phaunos is stonewalling Stafford

Stafford Capital has lodged a $244m hostile bid for Phaunos, the timber fund it used to manage. By refusing to say what it thinks of it, the vehicle’s board may be gunning for a higher price.

Stafford vs Phaunos: The battle for a $244m timber fund

Secondaries firm Stafford has put forward a hostile bid for Phaunos Timber, a global vehicle it used to manage. What is its chance of success?

NZ Super Fund interim boss steps up to permanent CEO

Matt Whineray, who has been with the vehicle since 2008, will take the helm of the $26.3bn fund on July 1.

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