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nakedcapitalism.com - 1/7/2009
Private Equity Firms Expected to Show 20-30% Losses for 2008
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OK, you gotta help me. Private equity is basically levered equity. Yes, the claim to add value in various ways, but many academic studies question that theory. The big source of profits is leverage and financial engineering. Neither of those approaches were spectacularly successful in any ...
dimensional.com - 1/8/2009
Government Equity Capital for Financial Firms
— dimensional.com — by EUGENE F. FAMA The financial sector provides the grease that makes the transfer of savings to... productive investments more efficient. This role is critical for the health of the economy. Government injections of equity capital into financial ... (more) Government Equity Capital for Financial Firms
Comments vote down Greg Mankiw's Blog found this 1/8/2009found this
ft.com - 1/7/2009
FT.com / Companies / Financials - Private equity losses to be revealed
— ft.com — Private equity firms will in the next few weeks send their investors grim letters telling them just... how much – or little – the companies they invested in are worth today, with many executives saying the reported fall in value will be 20-30 per cent. ... (more) FT.com / Companies / Financials - Private equity losses ...
Comments vote down naked capitalism found this 1/7/2009found this
marginalrevolution.com - 1/8/2009
The Show So Far
— marginalrevolution.com — MR has many new readers, especially since the financial crisis, so I thought I would offer this... brief guide to what we are all about.  Plus one of the readers, under "requests," asked for a foundation statement for this blog.  ... (more) The Show So Far
Comments vote down The visible hand in economics found this 1/8/2009found this

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Abnormal Returns:  Wednesday links: quant comedown

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Wednesday links: quant comedown
Abnormal Returns — ... Private equity investors should gear up for 20-30% losses in 2008.  (naked capitalism) ...

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