May 30, 2011

The inconvenient truth

The Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken, or vdp) have started a new (welcomed) initiative publishing a German office building rent index. The first result of this index are available on the vdp website (you will find the press release , and the index itself - theses links are for the English version but the same documents are available on vdp site in German as well).

May 6, 2011

Nash Equilibrium

A number of open ended funds are offering their unit holders a very nice opportunity to make good usage of game theory and figure out what to do next.

Some funds (see related article in the Immobilien Zeitung -in German- ), are asking their current unit holders, what would be their behavior if the funds were to reopen for redemption. The underlying idea, is that the more unit holders opt for redemption, the more likely is the fund to liquidate.