Industry
Carnelian Fund
HA 4271 and HA 6271 (formerly 6667)/NBA 5720 - Investment in Real Estate Securities and Funds
Course Offerings: Fall 2012 HA 4271/HA 6271
Spring 2013 HA 6271/NBA 5720
In this course, students manage a real-world portfolio of publicly-traded real estate securities and listed real estate fund unit interests. Investment management of the portfolio involves fundamental research in property and securities markets, making initial investments in real estate companies and funds, executing trades in positions held in the portfolio, developing/testing trading strategies, and managing risk. The objective of the course is to promote sound real estate investment decision-making. Students will be exposed to a broad literature on real estate securities, fund investing, trading strategies, and hedging. They will be provided opportunities to practice advanced methods of investment management and securities trading with special applications to real estate, such as taking simultaneous long/short positions to hedge systematic risk and using real estate index securities to directly hedge long positions. All types of residential and commercial real estate securities are analyzed, including those of hospitality firms.
Faculty teaching this course
Student materials from academic year 2011-2012
Syllabus - Spring 2011
Syllabus - Fall 2010
Prior year Carnelian Fund performance reports
Performance report - September 2010 - December 2011
Performance report – Academic year 2009-2010
Performance report - Spring 2009