{"title":"私募股权业绩归因","authors":"Adrian Ng","doi":"10.3905/jpe.v19i1.1193","DOIUrl":null,"url":null,"abstract":"Performance attribution is an important aspect that completes the feedback loop in the investment process but is rarely utilized in the private equity industry. In this paper, the author provides a framework and inputs for performance attribution in private equity portfolios. By employing this flexible framework, all types of private equity investors can evaluate why their performance was different from that of the benchmark and fine tune their investment decision process to improve future results.","PeriodicalId":342515,"journal":{"name":"The Journal of Private Equity","volume":"33 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Private Equity Performance Attribution\",\"authors\":\"Adrian Ng\",\"doi\":\"10.3905/jpe.v19i1.1193\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Performance attribution is an important aspect that completes the feedback loop in the investment process but is rarely utilized in the private equity industry. In this paper, the author provides a framework and inputs for performance attribution in private equity portfolios. By employing this flexible framework, all types of private equity investors can evaluate why their performance was different from that of the benchmark and fine tune their investment decision process to improve future results.\",\"PeriodicalId\":342515,\"journal\":{\"name\":\"The Journal of Private Equity\",\"volume\":\"33 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-03-19\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Journal of Private Equity\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.3905/jpe.v19i1.1193\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Journal of Private Equity","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jpe.v19i1.1193","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Performance attribution is an important aspect that completes the feedback loop in the investment process but is rarely utilized in the private equity industry. In this paper, the author provides a framework and inputs for performance attribution in private equity portfolios. By employing this flexible framework, all types of private equity investors can evaluate why their performance was different from that of the benchmark and fine tune their investment decision process to improve future results.