Improving Alpha: Innovation in Investing, ESG and Technology Improving Alpha: Gregory Brown on Deploying Alternative Research to Aid Institutional Investors.
Being able to source accurate data across alternative markets is a complex process. Stocks, bonds, and futures offer continuous price updates and greater intelligence for investors. The landscape is evolving, with a growing number of cutting-edge investment researchers enhancing decision-making on policy issues that will help shape private markets investments for the future.
In our latest episode of the Improving Alpha podcast, host Michael Oliver Weinberg welcomes Greg Brown, professor of finance at the University of North Carolina Kenan-Flagler Business School and founder of the Institute for Private Capital. Dive into their insightful dialogue as they explore groundbreaking research on the risk-adjusted returns of private funds, dissect GP portfolio deal structures and commitments, unravel the correlation of returns, and debate the potential of real assets as effective inflation hedges.
Further highlights from this discussion include:
- What is the Institute for Private Capital and what is its role in furthering alternative investment research.
- Greg’s thoughts on the use of public market equivalents (PMEs) to measure benchmarks for private funds vs. simple multiple or IRR.
- How does risk figure into the equations around buyouts or VC funds today and how are certain endowments and foundations finding success in the VC space.
- Decisions around GP portfolio creation covering deployment of capital, deal size, diversification, how many deals can be handled at once, and how much leverage should be added to the deals.
- Real estate’s true value as an inflation hedge and whether historic claims showcasing this fact are truthful or not.
- And more.
Connect with Greg Brown:
- LinkedIn: Greg Brown
- University of North Carolina Kenan-Flagler Business School
- Institute for Private Capital
Connect with Michael Oliver Weinberg:
About Our Guest:
Greg Brown’s research centers on alternative investments, including hedge funds and private equity funds. He also is a leading expert on financial risk and the use of derivative contracts as risk management tools.
He is the founder and research director of the Institute for Private Capital, faculty director of the Hodges Scholars Program and a member of the Private Equity Research Consortium (PERC) advisory board. Dr. Brown served as the executive director of the Kenan Institute of Private Enterprise from 2015-2023.
His research has been published in leading academic and practitioner finance journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Derivatives, The Journal of Portfolio Management and The Financial Analyst Journal. He serves on the editorial board of the Journal of Alternative Investments.
Dr. Brown serves on the board of directors of the Chartered Alternative Investment Analyst (CAIA) Association.
He previously served as director of research for Amundi Smith Breeden, a global asset management firm specializing in fixed income investments. He has served as a consultant on financial risk and portfolio management for money management firms, the U.S. government, non-profits and Fortune 500 companies.
The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.
The release date may not correspond to the recording date.