Is IRR misleading investors? Discover the flaws in traditional performance measures and how solutions like NAV-to-NAV IRR can offer a clearer view of private market returns.
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November 21, 2024November 21, 2024Country, United States, Worldwide
Low Probability of Loss: Why It Doesn’t Equal Low Risk in Investing
In golf, a hole-in-one is a remarkable feat. The odds? Roughly one in 850,000 from a distance of 150 yards – practically a statistical anomaly. Yet, the 2023 LPGA tour recorded 20 such occurrences. How can this be? Simple: a low probability doesn’t necessarily translate to low frequency. Hold on to that thought for a...
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November 19, 2024November 19, 2024Country, United States, Worldwide
From Equities to Real Assets: Key Trends Shaping Multi-Asset Investment
Multi-asset managers need a reliable, data-driven foundation for constructing portfolios that are not only diversified but also aligned with global economic trends.
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November 16, 2024November 16, 2024Country, United States, Worldwide
A Reality Check on Private Markets: Part II
How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments?
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November 15, 2024November 15, 2024Country, United States, Worldwide
A Guide for Investment Analysts: Working with Historical Market Data
Interested in working with older historical data? Pitfalls lurk for the unwary.
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November 12, 2024November 12, 2024Country, United States, Worldwide
Book Review: The M&A Failure Trap
Massive M&A deals make headlines but too rarely make money for stockholders.
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November 9, 2024November 9, 2024Country, United States, Worldwide
The Tyranny of IRR: A Reality Check on Private Market Returns
What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.
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November 7, 2024November 7, 2024Country, United States, Worldwide
Escaping the Benchmark Trap: A Guide for Smarter Investing
Is it time to eschew the benchmark trap in favor of Warren Buffett’s rule, “Don’t lose capital?”
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November 6, 2024November 6, 2024Country, United States, Worldwide
From Darwin to Wall Street: A Rebuttal
The problem within finance is its philosophical core; that is, the worldview upon which our analytical frameworks are based.
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November 2, 2024November 2, 2024Country, United States, Worldwide
Retaining Top Investment Talent: Lessons Learned by Large Canadian Pension Plans
The secret sauce of Canadian pension plan returns lies in their ability to attract top talent, carefully design compensation frameworks, and adapt to market conditions.