The PERI has been developed in collaboration with sub-adviser and quantitative think tank,
\nQuantitative Equity Strategies, LLC (\u201eQES?) and uses data provided by Preqin Ltd, (\u201ePreqin\u201e), the
\nleading source of data and intelligence for the alternative asset industry.<\/p>\n
The PERI does not invest in buyout funds directly or indirectly but has been developed on a
\nfoundation of private equity research which suggests that a substantial portion of private equity
\nbuyout fund returns can be attained through an investment in the \u201epublic market equivalents? of
\nthe private investments made by those funds. The PERI implements this theory through a QES
\ndeveloped systematic model which uses financial algorithms, in large part underpinned by
\nprivate equity industry data from Preqin, to allocate on a weekly basis to these \u201epublic market
\nequivalents?.<\/p>\n
The PERI is a daily investible, long only index that targets global private equity like returns but
\non a committed capital basis. The overall performance is intended to target both the returns of
\ncapital actually invested in the private equity buyout fund universe (\u201ecalled capital?) as well as a
\nrisk free rate of return on the proportion of capital awaiting deployment (\u201edry powder?).<\/p>\n
Exposure to the PERI is obtained exclusively via Nomura, which is able to offer a variety of
\nstructured products (including optionality) on the index. Matthew Peakman, Managing Director,
\nHead of Fund Derivatives Trading at Nomura said: \u201cThe PERI has been developed to address
\nsome of the limitations traditionally associated with private equity investing, including long term
\ncapital lock ups, high minimum investment sizes and infrequent reporting. With the PERI, we are
\ncapable of providing truly liquid products that target global buyout returns in a cost efficient way.\u201d<\/p>\n
The PERI is the first liquid private equity returns index of its kind, and the first investible index to
\nuse data from Preqin. Mark O?Hare, CEO of Preqin, said: \u201cPreqin is the world?s leading
\ndatabase of private equity fund and deal data, covering over 6,000 funds and over 70% of all
\ncapital ever raised by the industry. The PERI is a unique index that will clearly benefit from this
\nunparalleled depth of market data\u201d.<\/p>\n
The PERI is calculated daily by S&P Opco, LLCTM and published on Bloomberg NMQPERIN
\nIndex.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nomura, Asia’s global investment bank, today announced the
\nlaunch of the Nomura QES Modelled Private Equity Returns Index (Net) (the ?PERI\u201e), the first
\ndaily investible index which targets returns similar to those which may be achieved through a
\nglobal broad-based investment in private equity buyout funds.<\/p>\n","protected":false},"author":20,"featured_media":25807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1687,1718,1671,1690,1651,1711,1437,1691,2234,2243,1720,1787,1917],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/25809"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=25809"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/25809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/25807"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=25809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=25809"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=25809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}