Remove 2008 Remove Passive Investors Remove Prospects
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Private Credit, Meet “Higher for Longer”

Blackstone

From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. Referencing the Lincoln International Private Market Database (“Lincoln”), 13 allows investors to compare and contrast this point.

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Transcript: Mike Green, Simplify Asset Management

The Big Picture

What lase pointed out in his paper was that passive had to transact during periods in which there was index rebalancing. 00:20:33 And so in that period they ceased to be passive investors, they became active investors, and that became an opportunity for outperformance. In 2008, we didn’t have Uber, right?