'Fishy' returns in private markets.
The Blind Squirrel's Monday Morning Notes, October 23rd, 2023.
Upgrade to paid to play voiceover
Summary
Apparently private asset markets offer superior returns without that annoying thing called volatility. The 🐿️ is not a ‘buyer’ of this particular fairy tale. My ‘new friend’ Cliff Asness agrees.
Historically, betting against the ‘Big PE’ juggernaut has not made a great deal of sense (or made any money!). Is now any different? This week we mak…