Mutual Fund Unicorn Investment Backfires

The attempt by mutual funds to beat benchmarks by investing heavily in unicorns—private companies worth more than $1 billion—has been disappointing as “newly public companies are being forced to mark…

Private Equity is Everywhere

A recent article in Bloomberg offers an in-depth look at the private equity industry, how it has evolved, and the ways it is “changing finance and the economy itself.” Here…