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Portfolio Management for Privately-Held Securities: Investment Selection and Performance Measurement

Author

Listed:
  • Terry Dorsey

    (Houston, TX)

Abstract

This paper develops a portfolio model for performance measurement and selection of investment securities for which there is no public market: investments such as venture capital investments, private placements, or real estate partnerships. The paper can be used as the basis of research to measure the risk/retum properties of privately-held securities, and such research can be used to develop portfolio measurement tools for these securities.

Suggested Citation

  • Terry Dorsey, 1994. "Portfolio Management for Privately-Held Securities: Investment Selection and Performance Measurement," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 3(2), pages 171-176, Spring.
    • Handle: RePEc:pep:journl:v:3:y:1994:i:2:p:171-176
    as

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    References listed on IDEAS

    as
    1. Ruhnka, John C. & Young, John E., 1991. "Some hypotheses about risk in venture capital investing," Journal of Business Venturing, Elsevier, vol. 6(2), pages 115-133, March.
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    More about this item

    Keywords

    Portfolio ; Portfolio Management; Securities; Privately-Held; Investment Selection;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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