" ... When recommendations by some consultants and the 

allocation of TIMBER by Harvard University’s endowment led to broad interest in 

the asset. Timber funds were launched with the understanding that they provided 

diversification and enhanced returns. Our analysis showed that timber did not add any value to our clients’ portfolios, and we recommended against investing in timber 

funds." -Goldman Sachs Investment Group (June 2021): https://drive.google.com/file/d/1yEQupX1a7VS4K6N018Y0SF_0v4lpJWz8/view?usp=drivesdk