Applied Research Webinar Series to Debut September 14th

Webinar Title: Estimating Public Market Exposure of Private Capital Funds Using Bayesian Inference

Speaker: Luis O’Shea, Head of Applied Research at Burgiss

Date/Time: September 14th, 2017 at 1:00 pm ET

The market exposure, or beta, of private capital to the public market is important for a variety of reasons, including asset allocation and risk estimation. However, estimating beta is challenging. The root cause of this difficulty is the illiquid and private nature of the asset class. This, in turn, leads to data issues, namely limited access to high-quality, granular data. It also leads to statistical problems caused by valuations that are smoothed — leading to returns that are autocorrelated  — and valuations that are imprecise — leading to noisy per-fund returns. The webinar will address these challenges involved in determining the exposure of private capital to the public market.