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From Top Quartile To Average: Fund Number Matters

by Brian Payne, Chief Strategist   Anthony Thom, Strategist   Christopher D'Avirro, Research Analyst  

In Private Markets, yesterday’s winners often see outperformance fade. Top-quartile managers often regress toward the median as fund series mature. For investors evaluating the next Real Estate or Private Equity manager: Bias toward underweighting Funds V and beyond.

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BCA Research | Private Markets & Alternatives

Global Asset Allocation and Private Markets and Alternatives.

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