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PE, correlation w/public equities
(1) Private equity returns vs. (2) public equity returns... my notes are contradictory:
- (1) has a low correlation with (2), when measured with short-term returns
- (1) has strong positive correlation with (2), when measured with less-frequently-measured returns
So, I would conclude that PE doesn't have much diversification benefit? because high positive correlation with public equities
Thoughts? |
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发表于 2011-7-11 19:59
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