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Measuring Institutional Investors’ Skill at Making Private Equity Investments
16 references·7 citing·42 second hop
Measuring Institutional Investors’ Skill at Making Private Equity Investments (2019)Measuring Institutional Investors’ Skill …Skill and luck in private equity performance (2017)Skill and luck in private equ…Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds (2017)Political Representation and …Limited partner performance and the maturing of the private equity industry (2014)Limited partner performance a…Informational Holdup and Performance Persistence in Venture Capital (2013)Informational Holdup and Perf…Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments (2012)Local Overweighting and Under…Why Are Buyouts Levered? The Financial Structure of Private Equity Funds (2009)Why Are Buyouts Levered? The …Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle (2007)Smart Institutions, Foolish C…Investing in mutual funds when returns are predictable☆ (2006)Investing in mutual funds whe…Bayesian Alphas and Mutual Fund Persistence (2006)Bayesian Alphas and Mutual Fu…Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Private Equity Performance: R…Mutual fund performance with learning across funds (2005)Mutual fund performance with …Mutual Fund Flows and Performance in Rational Markets (2004)Mutual Fund Flows and Perform…Mutual fund performance and seemingly unrelated assets (2002)Mutual fund performance and s…Investing in equity mutual funds (2002)Investing in equity mutual fu…Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation (2001)Should Investors Avoid All Ac…THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…Risk-Adjusted Returns of Private Equity Funds: A New Approach (2022)Risk-Adjusted Returns of Priv…Political Pressures, Catering, and Return Distortions in Private Equity (2022)Political Pressures, Catering…Empirical Research on Private Equity Funds: A Review of the Past Decade and Future Research Opportunities (2022)Empirical Research on Private…Corporate Investment Decision: A Review of Literature (2022)Corporate Investment Decision…A Theory of Liquidity in Private Equity (2022)A Theory of Liquidity in Priv…The Return Expectations of Public Pension Funds (2021)The Return Expectations of Pu…The Return Expectations of Institutional Investors (2017)The Return Expectations of In…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Mutual Fund Flows and Performance in Rational Markets (2003)Parametric Portfolio Policies: Exploiting Characteristics in the Cross-Section of Equity Returns (2009)Indexing and active fund management: International evidence (2016)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Judging Fund Managers by the Company They Keep (2005)Predictive Systems: Living with Imperfect Predictors (2009)Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)The Financing of R&D and Innovation (2010)Costly Search and Mutual Fund Flows (1998)Asset Fire Sales (and Purchases) in Equity Markets (2005)How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)PORTFOLIO SELECTION* (1952)Performance and Persistence in Institutional Investment Management (2010)Forecasting stock returns under economic constraints (2014)Perfect Equilibrium in a Bargaining Model (1982)The Theory of Industrial Organization (1988)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)How persistent is private equity performance? Evidence from deal-level data (2016)Interim fund performance and fundraising in private equity (2017)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The role of private equity group reputation in LBO financing (2010)Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance (2012)Private Equity Performance and Liquidity Risk (2012)The Limits of Arbitrage (1995)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)A Survey of Venture Capital Research (2011)Corporate Governance and Value Creation: Evidence from Private Equity (2012)The Growth of Finance (2013)Evaluating the Performance of Ethical and Non‐ethical Funds: A Matched Pair Analysis (2005)Learning in Financial Markets (2009)
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References

  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 2004Mutual Fund Flows and Performance in Rational Markets2,082 cited
  • 2005Private Equity Performance: Returns, Persistence, and Capital Flows1,951 cited
  • 2002Mutual fund performance and seemingly unrelated assets436 cited
  • 2007Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle428 cited
  • 2002Investing in equity mutual funds423 cited
  • 2006Investing in mutual funds when returns are predictable☆317 cited
  • 2001Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation313 cited
  • 2009Why Are Buyouts Levered? The Financial Structure of Private Equity Funds287 cited
  • 2013Informational Holdup and Performance Persistence in Venture Capital201 cited
  • 2012Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments184 cited
  • 2017Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds172 cited
  • 2017Skill and luck in private equity performance167 cited
  • 2014Limited partner performance and the maturing of the private equity industry165 cited
  • 2005Mutual fund performance with learning across funds

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143 cited
  • 2006Bayesian Alphas and Mutual Fund Persistence140 cited
  • Cited by

    • 2021The Return Expectations of Public Pension Funds80 cited
    • 2017The Return Expectations of Institutional Investors55 cited
    • 2022A Theory of Liquidity in Private Equity34 cited
    • 2022Empirical Research on Private Equity Funds: A Review of the Past Decade and Future Research Opportunities28 cited
    • 2022Political Pressures, Catering, and Return Distortions in Private Equity24 cited
    • 2022Risk-Adjusted Returns of Private Equity Funds: A New Approach22 cited
    • 2022Corporate Investment Decision: A Review of Literature17 cited