September 1, 2019
Journal Articles
Complimentary CONTENT
Carry On
By: Megan Czasonis, Baykan Pamir, David Turkington, State Street Associates
September 1, 2019
By: Megan Czasonis, Baykan Pamir, David Turkington, State Street Associates
By Megan Czasonis, Baykan Pamir, and David Turkington
Published in the Journal of Alternative Investments, Fall 2019
We investigate features of carry returns that contributed to the strategy’s performance in the decades prior to the 2008 global financial crisis, and evaluate whether these features have changed in the years following the crisis.
Author Bios
Megan Czasonis
Megan Czasonis is Managing Director and Head of Portfolio Management at State Street Markets
Baykan Pamir
David Turkington
David Turkington is Senior Managing Director and Head of State Street Associates at State Street Markets
State Street Associates
1. Peter L. Bernstein Award for Best Article in an Institutional Investor Journal in 2013; Bernstein-Fabozzi/Jacobs-Levy Award for Outstanding Article in the Journal of Portfolio Management in 2006, 2009, 2011, 2013 (2), 2014, 2015, 2016, 2021; Graham & Dodd Scroll Award for article in the Financial Analysts Journal in 2002 and 2010. Roger F. Murray First Prize for Research Presented at the Q Group Conference in 2012, 2021, 2023. Harry M. Markowitz Award for Best Paper in the Journal of Investment Management in 2022, 2023. Doriot Award for Best Private Equity Research Paper in 2022.