This article explores the protective role of infrastructure investments against inflation, featuring insights from LPX’s Michel Degosciu. It highlights the consistent returns infrastructure stocks have provided since 1999, significantly outpacing inflation and broad market indexes like MSCI World.
Authors: N/A
Publication date: 31 March 2022
Published in: TiAM – Tages-Anzeiger Magazine
Volume/ Ausgabe:
Source download link: http://20220331_TiAM_LPX.pdf
Purpose: This paper analyzes the characteristics of stochastic volatility processes in globally listed private equity markets, which are represented by nine global, regional, and style indices, and reveals transmissions in the conditional variances between the different markets, based on weekly data covering the period January 2011 to December 2020. Methodology: The study uses the GARCH(p,q) model, and its EGARCH and GARCH-in-mean extensions. Findings: The estimates of the volatility models GARCH, EGARCH, and GARCH-M for testing the stylized properties persistence, asymmetry, mean reversion, and risk premium lead to very different results, depending on the respective LPE index. Practical implications: The knowledge of conditional volatilities of listed private equity returns as well as the detection of volatility transmissions between the different listed private equity markets under investigation serve to support asset allocation decisions with respect to risk management or portfolio allocation. Hence, our findings are important for all kinds of investors and asset managers who consider investments in listed private equity. Originality/value: The authors present a novel study that examines the conditional variance for globally listed private equity markets by using LPX indices, offering valuable insight into this growing asset class.
Authors: Lars Tegtmeier
Publication date: 29 March 2022
Published in: Studies in Economics and Finance, Emerald Group Publishing Limited
Volume/ Ausgabe: Volume 40, Issue 1
Source download link: https://www.emerald.com/insight/content/doi/10.1108/SEF-04-2021-0129/full/html
Private equity firms offer numerous advantages: they enhance the value of the companies they invest in, contributing to economic development by providing financial support and expertise. Examples like Zalando, Delivery Hero, Moderna, and Hilton demonstrate that private equity investments are often crucial for a company’s success and growth, whether through expansion, innovation, or ensuring long-term competitiveness.
Authors: Uli Kühn
Publication date: 9 March 2022
Published in: ETF magazine
Volume/ Ausgabe:
Source download link: https://cms.boerse-frankfurt.de/fileadmin/PDF/Publikationen/ETF_Magazin/ETF_Magazin_01-2022.pdf
Access to a highly diversified portfolio without minimum investment or holding period, which is particularly well-suited for low interest rate environments. Indices of publicly traded private equity companies offer exactly this.
Authors: Michel Degosciu
Publication date: March 2022
Published in: Private banking magazine
Volume/ Ausgabe:
Source download link: http://20220525_Private Banking Magazin_Private Equity.pdf
This article discusses the strong performance of infrastructure investments during periods of high inflation, highlighting their natural monopoly positions that allow flexible price adjustments in line with inflation. It focuses on the growth potential in wwweloping countries and the risks associated with political changes.
Authors: Dr. Michel Degosciu
Publication date: 9 February 2022
Published in: Börsen-Zeitung
Volume/ Ausgabe:
Source download link: https://www.lpx-group.com/wp-content/uploads/2022/02/BoZ-Uberrenditen-bei-hoher-Teuerung-090222s13_LPX.pdf
The piece highlights the performance of various investment portfolios, with a focus on the robust returns generated by private equity funds and the factors driving their success.
Authors: N/A
Publication date: 7 January 2022
Published in: Focus Money
Volume/ Ausgabe: Nr. 20222 (2022)
Source download link: https://www.focus.de/magazin/archiv/aktienfonds-lukrative-portfolios_id_32831213.html