A novel approach to optimizing a global farmland portfolio

White paper - A novel approach to optimizing a global farmland portfolio (Nuveen, a TIAA company)

Authors: Skye Macpherson, Global Head of Portfolio Management and Gwen Busby, Head of Natural Capital Research and Strategy

In this paper, Skye Macpherson, Global Head of Portfolio Management, and Gwen Busby, Head of Natural Capital Research and Strategy at Nuveen (a TIAA company) examine their company's approach to portfolio construction, outlining how they apply risk and optimization modeling to build risk-return efficient portfolios of farmland investments.

They also demonstrate how an investor’s approach to currency risk has a material impact on regional allocations and that there are material allocation differences in optimal portfolios depending on whether an investor’s investment objective is to maximize cash yield, total return or both.

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