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Anlagekorb" handelt. Die Neigung, ein Portfolio mit allen Anlageformen zu halten, nimmt mit wachsender Scheu vor dem Risiko ab …
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We estimate the risk and expected returns of private equity investments based on the market prices of exchange traded funds of funds that invest in unlisted private equity funds. Our results indicate that the market expects unlisted private equity funds to earn abnormal returns of about one to...
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