Ningning Wang

Research Analyst


Excess returns or excess expectations?

February 2021
In this paper, we refresh our excess return expectations with recognition of this recession and with special consideration for active equity products where some recovery is evident in the period since then.

Benefits of private assets in multi-asset portfolios

November 2020
In this paper, we explore why a competently managed exposure to illiquid assets can generate higher returns than comparable liquid assets in many market environments.