Venture capital among asset classes outperforming institutional investors, reveals a study by PriceWaterhouseCoopers
Private equity and venture capital consistently outperform UK pension fund assets, according to research conducted by PriceWaterhouseCoopers. The work, carried out on behalf of the British Venture Capital Association, would seem to add weight to the recent Paul Myners' report recommendation that pension funds increase their weighting to this asset class. In the 12 months to 31 December 2000, the average return for British pension funds, including their overseas assets, came in at -1.3% while the net return of private equity funds was 25.6%. The net annualised return for private equity...
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