The Relative Performances of Large Buyout Fund Groups

Autor:	Ken C. Yook, Jeffrey Hooke
Rok vydání:	2016
Předmět:	Finance Vintage Economics and Econometrics 050208 finance Actuarial science business.industry 05 social sciences Closed-end fund Performance results Quartile 0502 economics and business Open-end fund Income fund Business 050207 economics health care economics and organizations
Zdroj:	The Journal of Private Equity. 20:25-34
ISSN:	2168-8508 1096-5572
DOI:	10.3905/jpe.2016.20.1.025
Popis:	Investors tend to concentrate their buyout fund commitments in the large fund groups. These groups, or families, manage multiple individual buyout funds. Due to their size and their number of funds, many investors consider the large fund families to be the “winners” in the buyout industry. However, as a group, since 1990, they have not been outstanding performers, and their median performance results were only slightly above average. Over the last ten years (i.e., 2005 vintage), their quartile performance has been only average. The authors’ conclusions pose several questions as to why investors favor large fund families over smaller groups.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::77a552b94a8db930939abc47be8114f2 https://doi.org/10.3905/jpe.2016.20.1.025 Zobrazit plný text záznamu