This paper studies the risk in fixed-income hedge fund styles. Principal component analysis
is applied to groups of fixed-income hedge funds to extract common sources of risk and …

The growing interest in private equity means that allocators must carefully evaluate its risk
and return. The challenge is that modeling private equity is not straightforward due to a lack …

Fully revised and updated to reflect changes in the private equity sector Building on and
refining the content of previous editions, Introduction to Private Equity, Debt and Real …

This article reports the results of a survey of nine Dutch (assets under management [AUM]
EUR 342 billion) and five Canadian (AUM CAD 203 billion) pension funds and fiduciary …

While real estate has by now become a well-established asset class among institutional
investors, the vast majority of real estate investment so far has been in private rather than …

This works focuses on the challenges posed by benchmarking private equity performance
and the solutions that have evolved in practice. The paper puts the practical approaches …

In this article the author provides a guide on how to successfully invest in private equity and
venture capital as part of a diversified portfolio. The author first discusses the illiquid nature …

Diversification of sophisticated portfolios has become more difficult. In the past, asset class
and geographic dispersion were sufficient to ensure a properly diversified portfolio. Not so …

Investors have traditionally relied on mean-variance analysis to determine a portfolio's
optimal asset mix, but they have struggled to incorporate private equity into this framework …

It's vital to effectively manage liquidity because its absence can result in significant losses,
especially during periods of market turmoil. In this article, the authors discuss the practical …