3 ms·
You can’t calculate sharpe for a portfolio that includes private investments (PE or VC). Even if you trust the marks - big if - the returns are reported quarter
by iav 6y ago
You can’t calculate sharpe for a portfolio that includes private investments (PE or VC). Even if you trust the marks - big if - the returns are reported quarterly or at best monthly, and the marks are often unchanged creating a fake effect of a “zero vol” investment