Recent reports suggest that the private equity industry has been playing games with the fees they get from portfolio companies.
A positive outcome of the recent economic turmoil is that investors are learning more about investment returns, risk, strategies, and the methodologies used by asset managers to obtain reported performance results. Cindy Kent discusses how the GIPS standards benefit investors by providing a universal set of guidelines that improves investment decision making.
Two recent studies offer conflicting views of hedge fund industry performance. Rhodri Preece, CFA, examines the research and offers key takeaways for investors.