Can I read Lecture 6 on EtoBox?
Lecture 6 by blah123456989 is a document available to read on EtoBox.
What is Lecture 6 about?
The document discusses the limitations of performance measurement in asset management, particularly in private equity, highlighting issues such as illiquidity, manipulation of return metrics, and the impact of incentives on fund growth. It raises four core questions regarding the distortion of performance measurement, the economic value of reported performance, capacity constraints, and the reasons behind funds growing beyond optimal scale. The lecture concludes that despite the existence of skill, alpha is
- Author
- blah123456989
- Language
- EN