_Economy and Finance

Capture Ratio as a Tool to Measure Investment Performance We examine the concepts of up-capture and down-capture, two widely used statistics for measuring investment performance. Our research indicates that each one on their own is an ineffective tool to accurately describe investment performance. However, the use of the Capture Ratio, the relationship between up-capture and down-capture, provides a much more useful tool.

Classic Car Market on Bumpy Road - CNBC Owning a classic car is often a childhood dream and in May this year the highest price ever was reached at an auction for a classic car: 9 million euros ($12.2 million) for a 1957 Ferrari Testa Rossa. ...

Commercial investors may look to Worldwide Plaza as model October 23, 2009 12:10 PM Real estate investor Peter Duncan, who scored a deal on the 49-story Worldwide Plaza building in July, now has the chance to shape the New York commercial real estate market’s investment landscape. Duncan, who is president of George Comfort & Sons, purchased the property at 825 Eighth Avenue for $590 million, roughly a third of what Harry Macklowe paid for it in February 2007. The price means Duncan might be able to lease out the first 14 floors, which stand vacant as the second-largest empty space in the city, for as little as $30 or $40 per square foot, according to Robert Sammons, research director at Colliers ABR. Whereas Midtown office buildings have had a rough year — CB Richard Ellis Group reported that there have been no single leases in the area for more than 250,000 square feet — low prices may hasten leasing activity for the space in Duncan’s building formerly occupied by advertising f...

NYC Tower Buyers Wrestle Towering Vacancy Dilemma (Update1) By David M. Levitt - October 23, 2009 13:08 EDT Oct. 23 (Bloomberg) -- Real estate investor Peter Duncan, who negotiated the nation’s biggest property deal of the year in buying Manhattan’s Worldwide Plaza, is now in charge of a skyscraper that’s 40 percent empty. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJG1.l7fPiik

Property Frankfurt: Grounds for optimism in spite of upheaval By James Wilson in Frankfurt Published: October 2 2009 16:02 | Last updated: October 2 2009 16:02 Frankfurt’s property market professionals are surprisingly optimistic about the city’s prospects in spite of the inevitable upheaval that the deep banking crisis has caused in Germany’s financial capital. http://www.ft.com/cms/s/0/c0b8a95a-ad13-11de-9caf-00144feabdc0.html#axzz2PXw36Vqx

http://www.realert.com/ranks.php Fund-Performance Scorecard for Third Quarter HIGH-YIELD DEBT FUNDS

Executive Interview with Chris LaBianca September 17th, 2009 | Author: Dave Jacobs Christopher LaBianca President RCG Longview Christopher LaBianca joined the RCG Longview series of Real Estate Debt Funds in April of 2008 and serves as the President of their current high yield debt fund RCG Longview Debt Fund IV, L.P. His responsibilities include oversight of the origination, underwriting, closing, servicing and asset management of all fund investments. Since the inception of RCG Longview Debt Fund Series in 1999, the managers, Peter Cohen and Michael Boxer (Ramius Capital Group, LLC),Jeffrey Feil and Jay Anderson (The Feil Organization), Morton Olshan (Mall Properties), and Jon Estreich (Estreich & Company), have originated more than $1.8 billion in real estate mezzanine debt and other related instruments through RCG Longview fund vehicles. The investment strategy of the funds is driven by the collective experience of the managers as owners and operators of real estate. R...