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Local-Overweighting-and-Underperformance.pdf
File Size0.3 MB
DateOctober 9, 2018
Downloads177
Version1.0
AuthorYael V. Hochberg
This paper, published by the National Bureau of Economic Research, studies the loss of value associated with institutional investors overweighting local investments when investing in private equity funds.  A Fiscal Policy Study Group member brought this paper to light after the group discussed the Alaska Permanent Fund's plan to increase their investments in Alaska.