Enterprising Investor
Practical analysis for investment professionals

Fixed Income


A Reality Check on Private Markets: Part III

Is IRR misleading investors? Discover the flaws in traditional performance measures and how solutions like NAV-to-NAV IRR can offer a clearer view of private market returns.

From Equities to Real Assets: Key Trends Shaping Multi-Asset Investment

Multi-asset managers need a reliable, data-driven foundation for constructing portfolios that are not only diversified but also aligned with global economic trends.

A Reality Check on Private Markets: Part II

How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments?

The Tyranny of IRR: A Reality Check on Private Market Returns

What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.

Wall Street’s Latest Flood: Private Credit

Private credit is a treacherous swamp full of opportunists. Is your consultant capable of defying the formidable odds of success?

The Alternative Investment Gender Gap: Marketing to Female Clients

What are women's favorite alternative investments? What marketing strategies resonate with women, and which one's don't?

Distress Investing: Crime Scene Investigation

In the underbelly of private markets lies the main culprit behind corporate failures: defective capital structuring.

The Yield Curve, Recessions, and Monetary Policy Blunders: EI Podcast Highlights

We are three months away from the longest yield curve inversion-to-recession period. Will Cam Harvey's famous recession indicator hold? Highlights from EI podcast.

Book Review: Default

Argentina’s debt restructuring tests the theoretical limits of chaos theory. Gregory Makoff's feat is to build his narrative as a thriller without losing the detailed facts valued by specialists.



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