Hedge funds’ poorer cousins are finally, maybe, starting to catch up
|Mar 25th, 2010 | Filed under: Private Equity, Today's Post | By: AAA Staff||
While most in the private equity business may disagree, there is a case to be made that private equity is performing like the poor cousin to the hedge fund industry, particularly in the wake of 2008. Less liquid, less transparent, seemingly more risky and less mainstream, private equity funds, through the good times and bad, have arguably made hedge funds look good, particularly on the returns front.
Last year was apparently no exception, with private equity performance returns down more than 9% at the end of the third quarter, according to the latest research report by London-based information services firm Prequin. And that was a “significant improvement” from the 24.1% collective decline recorded at the end of last June, according to the report, which can be downloaded by clicking here. More…
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