Efektywność inwestycji w akcje notowanych w Polsce spółek private equity
The efficiency of investments in shares of private equity companies listed in Poland

Summary/Abstract: The paper presents the analisys of the eficiency of investing in shares of companies operating on private equity market and quoted on Polish public equity market (29 such companies was identified). It has been shown that investments in these shares generally bring higher rates of return than WIG (chosen as benchmark), but with significantly higher risk accompanied (measured by standard deviation). The efficiency of such investments (measured by Sharpe and Treynor ratios) cannot be considered higher than the efficiency of investment in the benchmark (WIG), which does not mean that it is lower. The study also showed that the correlation between rates of return from the shares of listed private equity companies and the rates of return from WIG is low, which implies that these shares are instruments enabling significant reduction of risk of investment portfolios.

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