Lahr, Henry; Kaserer, Christoph; Liebhart, Valentin; … - In: Journal of Financial Transformation 28 (2010), pp. 87-93
Structure and stability of private equity market risk are still nearly unknown, since market prices are mostly … show that aggregate market risk varies strongly over time and is positively correlated with the market return variance …. Cross-sections of market risk are highly unstable, whereas ranks of individual vehicles within yearly subsamples change …