haku: @indexterm institutional investors / yhteensä: 153
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Tekijä:Cumming, D.
Fleming, G.
Johan, S. A.
Otsikko:Institutional investment in listed private equity
Lehti:European Financial Management
2011 : JUN, VOL.17:3, p. 594-618
Asiasana:institutional investors
pension funds
stock markets
listed companies
assets
funds
human capital
models
European union
Vapaa asiasana:listed private equity
Kieli:eng
Tiivistelmä:Used the data provided by LPEQ, Preqin and Scorpio Partnership covering 171 institutional investors in Europe in 2008–2010. The article examines institutional investorsÂ’ propensity to invest in a relatively unknown asset class of listed private equity. It is found the following: 1) allocations are primarily a function of size, type, location, decision-making authority and liquidity preferences. 2) investment in listed private equity is more commonly made by institutions that are smaller, private (not public) pension institutions, institutions that have a preference for liquidity, quick access, and administrative and cash flow management simplicity, and institutions that are based in the UK, Switzerland, Sweden and the Netherlands. 3) institutions are less likely to invest in listed private equity when investment decision-making is empowered to an alternative asset class team.
SCIMA tietueen numero: 274079
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