Reporting from MIPIM 2011:
According to the German real estate investors on Tuesday’s panel session “Between Shock and Profit: the Global Perspectives of German Investors” at MIPIM, changing how assets are valued as well as how risk is managed are the keys to rebounding from the recession. Rather than simple short-term profit maximization, a return to a long-term view of asset management is needed, as well as a focus on correctly calculating risk, especially in open-ended funds which are currently facing redemption issues. In the meantime, the “flight to quality” continues. Portfolios today (and lenders) can accommodate some risk, but the type and allocation of risk has to be just right.
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Video via MIPIM World. For more, visit the official conference blog at blog.MIPIMWorld.com.