Private Equity
To understand what private equity is at its worst is a call to action, personally and professionally.
How can investors address the denominator effect in private equities?
With wide spreads, an improved playbook for assessing deal risk, and the potential for more M&A activity to materialize, 2024 could be a strong year for merger arbitrage performance.
How can investors supplement the traditional 60/40 stock/bond portfolio with allocations to alternatives?
Brendan Ballou presents a meta-analysis of the worst of private equity investment practices, thus compelling investors to take a deeper look into their illiquid private equity commitments.
The PE playbook is always the same: Borrow money to acquire the firm, saddle it with debt, and extract exorbitant management fees.
With their sprawling empires, the largest alternative asset managers have adopted strategies that borrow extensively from the octopus-like corporate conglomerate business model.
With recession forecasted in many economies this year or next, distressed situations will be an important source of deals for prospective investors.
With the PE model’s high profitability, the industry’s ultimate development stage will inevitably feature leveraged buyouts of the fund managers themselves,
Do alternatives offer any diversification benefits?