Aswath Damodaran: How Does Growth Investing Measure Up?
In a recently published paper, noted valuation authority Aswath Damodaran examines the discipline of growth investing and, in so doing, challenges the notion that growth investors are simply risk...
View ArticleEmerging Trends in Private Equity and Venture Capital in MENA (Video)
Recent news out of the Middle East and North Africa (MENA) hasn't been promising as of late. What are some of the emerging trends in private equity and venture capital in MENA? What are some of the...
View ArticleWeekend Reads for Finance Pros: Hedge Funds, Charlie Munger, and the World Cup
Charlie Munger once said: "In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none. Zero. You’d be amazed at how much Warren reads — and how...
View ArticleIs Private Equity Out of Tune with Society?
Against a weaker economic background, a re-run of pre-crisis practices is no longer acceptable. In the face of criticism from regulators, investors, and politicians alike, an overhaul of private equity...
View ArticleEvaluating Private Equity Performance: PME vs. Direct Alpha
A new technique called direct alpha may overcome key problems with some typically used private equity benchmarking methodologies.
View ArticleIs Venture Capital a Giffen Good?
When investment is about capital alone, entrepreneurs have better alternatives today in the form of choosing nimble business models or crowdfunding. Conventional, money-only venture capital could...
View ArticleWeekend Reads for Investors: The S&P 500 and IPOs Sputter, Private Markets...
The market for IPOs, traditionally a useful barometer of the collective appetite of investors, suggests a slowdown is at hand in the United States.
View ArticleWeekend Reads for Investors: Montier, Musk, and Mauboussin
Central bankers in the US have long fixated on the equilibrium real interest rate (ERIR) as their lodestar, an obsession that GMO’s James Montier, in The Idolatry of Interest Rates, bemoans as “a...
View ArticleNew Insight into Private Equity
After the hiatus of the credit crunch, when private equity investors were rudely reminded that illiquidity can magnify downside risks, PE is now back in favor, with fundraising at record levels.
View ArticleMeaningful Private Equity Fund Performance Evaluation
Morten Sorensen and Ravi Jagannathan took on the question of how to effectively evaluate the performance of private equity (PE) funds, and they offered a rigorous theoretical justification for using...
View ArticleA Valuation Method for Private Equity
A new firm offers up a unique valuation methodology for private equity. In this interview with CFA Institute, Sheridan Porter, cofounder of FEV Analytics, reveals some of the secrets to how they...
View ArticleBob Geldof: The Promise of Africa
“Why are investors not investing in Africa?” Bob Geldof asked the audience at the 69th CFA Institute Annual Conference. “The data are there, but you lot never look at it. Weird!”
View ArticleDavid M. Rubenstein: The Economy, Business, and Making Mom Proud
The Carlyle Group's David M. Rubenstein discussed a broad range of topics at the 69th CFA Institute Annual Conference, from the mating habits of panda bears, to the historical importance of the Magna...
View ArticlePrivate Equity’s Demise Has Been Greatly Exaggerated
Private equity’s demise has been overreported, according to Claudia Zeisberger, founder of INSEAD’s Global Private Equity Initiative. Critics of private equity are not hard to find, and if you listen...
View ArticlePrivate Equity Presentations: Are Some Tall Tales?
Private investment fund internal rate of return (IRR) and volatility calculations can sometimes be quite misleading. So what can be done about it? Preston McSwain has some recommendations.
View ArticleGrowing Trends in Private Equity: Secondary Market Investing
What does the private equity secondary market look like these days? Antonella Puca, CFA, CIPM, interviews Brett Hickey of Star Mountain Capital for his take.
View ArticlePrivate Equity Funds: Leverage and Performance Evaluation
Leverage is pervasive in today’s private equity markets. Antonella Puca, CFA, CIPM, CPA, explores how private equity funds apply it and how investors should approach it.
View ArticleTop Five Articles from July: Private Equity, ESG, High Yield Today
Why do professional investors talk about behavioral finance more than they apply its insights? How do single stocks influence factor returns? The leading Enterprising Investor posts from last month...
View ArticlePersistence That Just Ain’t So
Do private equity presentations overstate an ability to persist?
View ArticlePrivate Equity: The Emperor Has No Clothes
Liquid alternatives to private equity can be created simply by buying small, cheap, and levered stocks, Nicolas Rabener writes.
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