Pensions & Investments, Online; Private Equity: Investors get less while risking more, reports say
Two researchers, in separate reports, show that not only are investors probably not getting the returns they think they are, but also the investments are more correlated to stocks than previously believed. That, academics say, could play havoc with their asset allocation models. September 2005. (PDF 28 K) Read PDF (NOTE: minor fact checks made after P&I already posted)

GARP Magazine: Measuring Risk of Alternative Assets
Alternative assets present a variety of challenges to risk managers. Indeed,it is difficult to evaluate the risks of these complex instruments,particularly for assets that are illiquid and opaque. But there is hope. Dr. Susan Woodward provides a risk metrics-friendly blueprint for effective alternative assets measurement.
May/June 2005, 4 pp. (PDF 104 K) Read PDF

Letter to the Editor of the Wall Street Journal
The unedited letter to the editor written by Sand Hill founder Susan E. Woodward in response to Howard Husock's editorial "Credit Where It's Not Due" in the February 10th, 2004 issue of the Wall Street Journal.
2 pp. (PDF 12 K) Read PDF

TIME Magazine: Start Up Your Engines!
Susan Woodward, founder of Sand Hill Econometrics, joined Mark Heesen, president of the National Venture Capital Association on TIME's Board of Technologists to comment on the venture climate.
April 2004, 3 pp. (PDF 932 K) Read PDF

Investor's Business Daily: Index Strives To Peg True Value Of Venture Capital-Backed Firms
An economist has good news for venture capitalists: Your funds are doing better than you might think. So says Susan Woodward, per the findings of her Sand Hill Index. The index, unveiled late last year, is one of the most scientific attempts to put a value on privately held companies held in venture capital funds.
May 2004, 2 pp. (PDF 20 K) Read PDF

Innovation Review: Truth and Consequences,
Academic researchers are helping to understand the problems facing the venture capital industry. Here we see their enthusiasm for a scientifically constructed benchmark for venture capital.
(New York University, Leonard N. Stern School of Business, Berkley Center for Entrepreneurial Studies) November 2002.
Read excerpt online
entire article 4 pp. (PDF 60 K), Read PDF

Red Herring: Susan Woodward sheds light on private equity
The former chief economist at the SEC is helping craft the Sand Hill Index, designed to give private investors a yardstick by which to measure the performance of their portfolios. Subscribe to Read