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Opinion

Eight paths to long-term premia

When the Thinking Ahead Group looked into whether investors could be reasonably certain of a long-horizon premium, they found builders of value and savings whose costs are worth it.
Liang YinJuly 4, 2017
Opinion

Locking up capital has pros and cons

In theory, closed-end funds should outperform over long horizons – they can avoid forced sales. But in practice, lack of monitoring and alignment can lead to agency costs and underperformance.
Liang YinJune 1, 2017