Fugazza, Carolina; Guidolin, Massimo; Nicodano, Giovanna - 2009
post performance, predictability, parameter
uncertainty.
1. Introduction
Institutional investors diversify their portfolios … first goal of this paper is to assess whether public real estate improves portfolio performance out-
of … predictability, such gains can be substantial when changes
in portfolio performance are measured in sample, i.e. assuming that a …