The 1MDB scandal: what does it mean for Goldman Sachs? – 1MDB scandal: what does it mean for Goldman Sachs? I’m reading the book Billion Dollar Whale about 1MDB and if it’s to be believed culpability goes to the highest levels at Goldman – Cohn and Blankfein. It was at a minimum willful blindness. I …
https://amp-ft-com.cdn.ampproject.org/c/s/amp.ft.com/content/9414052a-3142-11ea-9703-eea0cae3f0de
https://amp.ft.com/content/f1276122-ec19-11e8-8180-9cf212677a57
https://amp-ft-com.cdn.ampproject.org/c/s/amp.ft.com/content/56eb2fa8-1931-11ea-97df-cc63de1d73f4
Are Leveraged Loan Funds a Liquidity Time Bomb? https://www.linkedin.com/pulse/leveraged-loan-funds-liquidity-time-bomb-rod-dubitsky
What happens when pensions wake-up to the fact that PE excess returns are zero after adjusting for all risks? https://finance-commerce.com/2019/12/peak-private-equity-fears-spread-across-pension-world/
Asset allocation specialists are the new snake oil salesmen – https://on.ft.com/2K9qT2q via @FT
This article raises 3 key issues related to private equity – 1) when there is a failed IPO do the PEs mark down the private valuation on the assumption that failed IPO implies that private value is too high?, 2) what is the process to ensure private sales and/or swaps are properly valued and arm’s …
Private equity returns are not all they seem – https://on.ft.com/2MbmtJN via @FT
On the false promise of private equity. https://ritholtz.com/2019/10/endowments-shift-from-hedge-funds-to-private-equity/