This paper studies how high-net-worth individual (HNWI) investors changed their risk
preferences during the Global Financial Crisis (from 2007 to 2009) and how their asset …

This paper addresses the asset allocation problem of long-term investors with exposures to
illiquid private asset classes such as hedge funds, private equity, real estate, infrastructure …

This paper studies how high-net-worth individual (HNWI) investors changed their risk
preferences during the Global Financial Crisis (from 2007 to 2009) and how their asset …

This paper solves the optimal asset allocation and consumption pattern of a CRRA investor
in case of a single liquid and a single illiquid risky asset, where illiquidity results from …