The PERACS Alpha - Finance Magazin
The PERACS Alpha - Finance Magazin
The PERACS Alpha - Finance Magazin
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J-curve effect in the early investment phase<br />
High returns and moderate risk in years 3 to 6<br />
Moderate returns and high risk from year 7 onwards<br />
Invested capital (as % of fund commitment), performance<br />
and value at risk of an average individual fund<br />
70%<br />
60%<br />
50%<br />
40%<br />
30%<br />
20%<br />
10%<br />
0%<br />
-10%<br />
1 2 3 4 5 6 7 8 9 10 11 12 13<br />
-20%<br />
-30%<br />
-40%<br />
-50%<br />
* Source: joint Research Project with Dr. Bernd Kreuter, Palladio Partners<br />
Investiertes Kapital Erwartete Jahresrendite (realisiert und unrealsiert) 99,5% VaR bei gut diversifiziertem Fonds 99,5% VaR bei weniger gut diversifiziertem Fonds
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