Practical analysis for investment professionals

Alternative Investments


“Alpha-Flation”: A Private Market Syndrome

Why does investing in the "average" private market fund seem to go so poorly?

Pointless Market Equivalence? If Not the IRR, Why the PME?

The public market equivalent (PME) does not reflect the economic reality of private equity investing.

Strategic Asset Allocation or: How I Learned to Stop Worrying and Love the Dispersion

The old adage that allocation determines 90% of performance is rapidly becoming outdated.

Down the Rabbit Hole: A Cryptocurrency Primer

Bitcoin and cryptos are not suitable for all investors, but the world of digital assets may be more than a passing fad.

Book Review: Corporate Governance and Responsible Investment in Private Equity

Simon Witney provides a groundbreaking overview of effective governance and responsible investment in private equity.

Permanent Capital: The Holy Grail of Private Markets

The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.

Myths of Private Equity Performance: Part IV

PE results can neither be benchmarked reliably nor delivered consistently.

Gold $3,000?

What happened to the negative correlation between the price of gold and the US dollar?

Top 10 Posts from 2020: COVID-19, The Silent Depression, Damodaran

What Enterprising Investor articles most resonated with readers in 2020?

Myths of Private Equity Performance: Part III

Private equity is not more resilient than other asset classes. Quite the opposite.



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