
Nomura targets PE-like returns with new index
Nomura and QES (Quantitative Equity Strategies) have launched the daily investible long-only index PERI (Modelled Private Equity Returns Index).
The index targets private equity-like returns through calculating the weekly public market equivalents of private equity investments in its underlying data, provided by Preqin.
The long-only fund focuses on both returns of called capital and the risk-free rate of return on funds yet to be invested. The underlying data includes global and broad-based private equity investments.
Matthew Peakman, managing director and head of fund derivatives trading, oversaw the launch for Nomura. S&P Opco calculates the PERI on a daily basis. It is published as NMQPERIN Index on Bloomberg.
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