We discussed private equity replication with public equities here and here.

Erik Stafford just won the “honorable mention” award from AQR for his work on the subject.

Click the image below to hear Erik’s 3 minute video explaining his key findings:

2016-05-16 16_45_18-AQR - Replicating Private Equity with Value Investing Homemade Leverage and Hold

Source: AQR

Bottomline: buy cheap small caps based on enterprise multiples


  • The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Alpha Architect, its affiliates or its employees. Our full disclosures are available here. Definitions of common statistics used in our analysis are available here (towards the bottom).
  • Join thousands of other readers and subscribe to our blog.
  • This site provides NO information on our value ETFs or our momentum ETFs. Please refer to this site.

Print Friendly, PDF & Email