Measuring Institutional Investors’ Skill at Making Private Equity Investments
By Private Equity, Cavagnaro, Daniel R., Sensoy, Berk A., Wang, Yingdi, Weisbach, Michael S. on Oct 04, 2017
Institutional investors have become the most important investors in the U.S. economy, controlling more than 70% of the publicly traded equity, much of the debt, and virtually all of the private equity. Their investment decisions have far reaching consequences for their beneficiaries: universities’ spending decisions, pension plan funding levels and…
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