We update our estimates of medium-term (5- to 10-year) expected returns for major asset classes, including private equity and private real estate.
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Can individual factors be reliably timed based on their recent performance? This study of 65 widely-studied, characteristic-based equity factors aims to find out.
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Cliff's Perspectives
February 25, 2019
Cliff offers some insights into the world of smoothed returns with a healthy dose of satire.
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