RECOMMENDED READING

Hedge Fund figures calculated using monthly returns data. Buyout Fund and Venture Capital figures represent Internal Rate of Return (IRR). Quarterly Index created using monthly and quarterly returns data.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance, © 2020 Verizon Media. All rights reserved.)

Vanguard Balanced Portfolio (60/40): Vanguard Balanced Index Fund Admiral Shares (VBIAX) (Vanguard, © 1995–2020 The Vanguard Group, Inc. All rights reserved.)

Preqin: Hedge Fund Benchmarks (North America – All Strategies) and PrEQIn Index (Venture and Buyout) (Preqin)

PitchBook: Private Markets Benchmarks (PitchBook Data, © 2020 by PitchBook Data, Inc. All rights reserved.)

Cambridge Associates: US Venture Capital and Private Equity Index and Selected Benchmark Statistics (Cambridge Associates, © 2020 Cambridge Associates LLC. All rights reserved.)

BarclayHedge: Barclay Hedge Fund Index (Backstop BarclayHedge, © 2020 Backstop Solutions Group, LLC. All rights reserved.)

Eurekahedge: Eurekahedge Equal Weighted Hedge Fund Index (Eurekahedge, © Eurekahedge 2005 – 2020, All rights reserved.)

Hedge Fund Research: HFRI Fund Weighted Composite Index (Hedge Fund Research, © 2020 Hedge Fund Research, Inc. All rights reserved.)

Hedge Funds

Figures calculated using monthly returns data.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance)

Vanguard Balanced Portfolio (60/40): Vanguard Balanced Index Fund Admiral Shares (VBIAX) (Vanguard)

Preqin: Hedge Fund Benchmarks (North America – All Strategies) and PrEQIn Index (Venture and Buyout) (Preqin)

BarclayHedge: Barclay Hedge Fund Index (Backstop BarclayHedge)

Eurekahedge: Eurekahedge Equal Weighted Hedge Fund Index (Eurekahedge)

Hedge Fund Research: HFRI Fund Weighted Composite Index (Hedge Fund Research)

Buyout Funds

Horizon Pooled Internal Rates of Return (IRR). All figures annualized.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance)

PitchBook: Private Markets Benchmarks (PitchBook Data)

Cambridge Associates: US Venture Capital and Private Equity Index and Selected Benchmark Statistics (Cambridge Associates)

Venture Capital

Horizon Pooled Internal Rates of Return (IRR). All figures annualized.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance)

PitchBook: Private Markets Benchmarks (PitchBook Data)

Cambridge Associates: US Venture Capital and Private Equity Index and Selected Benchmark Statistics (Cambridge Associates)

Recommended Reading
Out of Time on Outbound

If Republicans are serious about confronting China, they need to sideline members who aren’t

John A. Burtka IV on Building a Better Elite

On this episode, Oren Cass is joined by John A. Burtka IV to discuss how to cultivate and educate a better elite, what the “mirrors for princes” tradition has to teach today’s leaders, and aristo-populism.

Deputy Editor

Join our team working to restore an economic consensus that emphasizes the importance of family, community, and industry to the nation’s liberty and prosperity.