(Bloomberg) -- The business of sports investing is getting its own index, with one of the firms behind private equity’s incursion into the industry looking...
-- The business of sports investing is getting its own index, with one of the firms behind private equity ’s incursion into the industry looking to bring a more scientific approach to the burgeoning asset class .Krugman Says China Is ‘Bizarrely Unwilling’ to Boost Demand
“We’re pitching this new end-market for institutional investors,” said Zach Baran, a director at Arctos, who said he hopes participants in the sector will use it to assess performance. “That’s the power of finally having a rigorous underlying mark.” After big selloffs like the dot-com crash and 2008 financial crisis, the sports index posted a smaller drawdown compared to listed stocks. But even in the period since 2020, one of its busiest periods, the benchmark has recorded an average of only about 17 transactions annually.
With a three-year lag, the new index’s beta adds up to only about 0.5. For PE as a whole, that’s usually estimated at above 1, Baran says.
National Football League National Hockey League National Basketball Association Golden State Warriors Major League Baseball Los Angeles Dodgers Scientific Approach Arctos Partners LP Private Equity North American Sports Asset Class
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