Private Equity for Pension Plans? Evaluating Private Equity Performance from an Investor's Perspective
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We evaluate private equity (PE) performance using investor-specific stochastic discount factors, and examine whether investors could benefit from changing their allocation to PE. Plans invest in PE funds with higher average risk-adjusted performance. This is mainly due to access to successful PE
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美国国家经济研究局创建时间：
2024-11-01
