Ick, Matthias M. - Institut für Schweizerisches Bankwesen <Zürich> - 2006
In this paper we investigate the risk return relationship of Private Equity (PE) relative to Public Market Equity (PM … to any risk adjustment, PE investments outperform their PM counterparts with varying levels depending on the chosen … benchmark (broad, industry specific, local). Next we compare standard risk measures and find downside deviation and shortfall to …