Chanticleer
Forests turn a new leaf to emerge as a growth asset
Institutional investors are increasingly tipping money into timberland assets, either through pine plantations or environmental planting.
When former IFM Investors chief executive, Brett Himbury, joined Stafford Capital Partners as chairman last year, he did the equivalent of a mini-MBA in one of the few assets in the world not correlated with movements in equities: forestry.
Stafford, which was founded in Australia 22 years ago by Richard Bowley, Geoff Norman and Stephen White, has been a pioneer in timberland investment. It now has $US2.9 billion ($4.5 billion) of its total $US7.9 billion infrastructure portfolio in forestry.
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