dyga

Long
Young
Smaller

dyga

what's the answer?

I dont buy the risk premium argument either, just because they demand it doesnt mean they can earn it. Investors can expect a higher return from longer lock ups and younger funds, but doesn't mean the funds will be able to deliver them.

The question asks which will deliver the outperformance, not which is expected to outperform to compensate the risk.

Very good question though..thnx for sharing.