Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Rabid Capitalist previously identified the end of the era of financial engineering-based private equity fund returns (see https://therabidcapitalist.com/2024/06/09/private-equity-admits-falling-returns/). General partners have not only acknowledged the problem but also have initiated efforts to hire operational executives who can improve their portfolio companies. Unfortunately, these efforts will fail to replace the historical investment returns provided by financial engineering.
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