The rise of private markets has been supported by the perceived existence of an ‘illiquidity premium’ - or the extra return provided to investors as compensation for holding...

The rise of private markets has been supported by the perceived existence of an ‘illiquidity premium’ - or the extra return provided to investors as compensation for holding...
Other things equal, a higher valuation for an asset should make it less attractive. Returns are being pulled from the future to the present. So why does the reverse often seem to...
In recent years, the idea of a behaviour gap in investing has become commonplace. Although there are several ways of defining what this actually means, it is most typically used...