Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Read more...More evidence that private equity underperforms on a risk-adjusted basis.
Read more...Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...Not surprisingly, public pension fund economics look pretty sick.
Read more...Tallying some of the recent shale production cuts.
Read more...Looking at the bloodbath in commercial real estate…..and worse is almost certainly in store.
Read more...It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.
Read more...Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.
Read more...The Fed just told everyone to assume the brace position.
Read more...Yves here. When we made grim prognostications about Boeing’s future, we were treated as nuts. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street Boeing’s shares [BA] came unglued, plunging 18.1% today, after having already plunged over the past four weeks. Since February 12, shares have crashed 46%, and since the peak […]
Read more...Coronavirus infects Mr. Market.
Read more...Coronavirus carnage continues, particularly at bankruptcy-prone airlines.
Read more...Is the seamy side of fracking the only side?
Read more...Once storied, now sprawling TBTF HSBC has started a big retrenchment in the face of mounting business woes. Is it the canary in the coal mine?
Read more...Count on Wall Street to find a profit angle in actual or pending disaster. Green bonds are becoming a hot idea.
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