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October 9, 2018
10/9/18 Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments
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Local-Overweighting-and-Underperformance.pdf | |
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File Size | 0.3 MB |
Date | October 9, 2018 |
Downloads | 248 |
Version | 1.0 |
Author | Yael 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.