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LP Investment Preferences

  • Daniel Hobohm

Abstract

This chapter tests specific hypotheses with regard to investment preferences of LPs. First, I test if LPs have a stable preference, or bias, for specific fund types. Second, I ask if they are subject to home bias. This research is presented in the first part to the chapter, in section 5.1. The second part of this chapter focuses on a hypothesis specific for endowments: In section 5.2 I test if endowments adjust their portfolio allocation after 2001 more flexibly than other LP types.

Keywords

Pension Fund Public Pension Opportunity Fund Investment Corporation Home Bias 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler | GWV Fachverlage GmbH 2010

Authors and Affiliations

  • Daniel Hobohm

There are no affiliations available

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