Internal rate of return (IRR), the key performance measure of private equity firms, is at the risk of being “massaged in a way that undermines the industry’s credibility and adds…
Day: March 21, 2018
U.S. Recession in the Offing?
A recent Bloomberg article reports that an economic contraction could be coming as soon as next year, citing the Fed, the flattening yield curve, corporate leverage and tariffs as contributing…
The Nine-Year-Old Bull Still Has Momentum
The U.S. bull market, which turned nine on March 9th, is still showing momentum, despite the fact that it has been called the “most hated rally ever,” according to a…