Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Since 2023, mutual funds have reduced their new investments in private firms after dedicating substantial capital to private placements in 2020 and 2021. The reason is clear: they are bad at private investing.
Mutual funds have retreated from private equity investing. Capital allocations have returned to the long-term average.
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