by Chris Flynn, Head of Research, Sebastien Betermier, Associate Professor of Finance McGill University, Quentin Spehner, Senior Research Associate | Mar 8, 2021 | Research
This original CEM research was published in the March 2021 edition of the Journal of Portfolio Management (JPM). If you subscribe to the JPM you can access the article here. If you don’t, but want to get a copy of the reprint, there is a chance we can get a copy for...
by Chris Flynn, Head of Research | Dec 18, 2020 | Research
This original CEM research was published in the December 2020 edition of the Journal of Investing. To get a copy of the article’s reprint, please email research@cembenchmarking.com ABSTRACT The CEM database contains private equity true-time weighted portfolio returns...
by Chris Flynn, Head of Research | Nov 8, 2019 | Research
In a theoretically ideal market in which participants have equal access and understanding of information, efficiency should occur. In this environment, actively managed portfolios should, on average, not be able to outperform indexed portfolios. Thus, the value added...
by Chris Flynn, Head of Research | Sep 8, 2018 | Research
Real estate is a significant element in the portfolios of large European institutional investors, with allocations making up as much as 10 percent of the average portfolio. The purported benefits of the inclusion of real estate in institutional investor portfolios are...
by Chris Flynn, Head of Research, Tej Dosanjh, John Simmonds, Franco Wang | Sep 8, 2018 | Research
Institutional asset owners across the world, encouraged by regulators, are increasingly interested in ‘hidden’ transaction costs – costs incurred in trading securities before returns are calculated. For Defined Benefit pension plans, every £ taken in cost needs to be...
