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Name dropping aside, why do PE types make so much money? Rather, why does anyone invest in PE's anymore? One of my BMO small cap canadian etf's has been performing at the rate as her KKR fund over the last 2 years, except they take 2+20 whereas the MER for the ETF is .3%.
In other words, how is PE even an industry? The exorbitant pay of the people that work there directly takes away from customer returns.
him, too
Physical education?
Does she work at KKR? Your question is pretty broad, at best. The PE landscape is changing rapidly so you may be on to something or not.
Either way PE has to deliver in a huge way to cover their outlandish fees.
Either way we need some pics!Quote:
Originally Posted by El Chupacabra
I have to get up to pe at least twice a night
But I am saying 9/10 times they do not, and don't investors see their crazy salaries and look to their mediocre returns and see some correlation?Quote:
Originally Posted by Chugach001
That'd be too KIR.
You're correct, poor returns are not a sustainable model. The PE space is over-supplied now and committed funds are almost certain to underperform - which will create an entirely different landscape over the coming years. It's happening the 2-20 is eroding.
I've recently transitioned into middle market PE (aspiring to do as well as your Aunt someday) and 9/10 times the results are well above market for the LP's and GP's and managers. Okay, maybe not 9/10 but you didn't mean that factually either. Let me say it another way; I am keenly aware of the increased pressure to perform and deliver above market results and the pressure within PE is far greater than I've seen in public or entrepreneur owned companies. It has to be, we're making big bets with OPM.
New York Times had a recent article on PE
They're taking it out of schools?Quote:
Originally Posted by Tap
You are working at a middle market PE or you are an LP in a (some) Mid(s)?Quote:
Originally Posted by Chugach001
Over longer term periods (which is the only way to judge an industry with such a long term holding period) PE overall has outperformed the stock market (sp500 and russell2000). Not only that but the contour of returns is a good overall diversifier versus other asset classes. So there will always be interest. Fees have come down though. Key is getting a good PE manager and not relying on 'average'
It's dated but...
http://www.cambridgeassociates.com/n...ge-associates/
Personal Escort
Quote:
Originally Posted by oftpiste
lmao. Thank you ... "pirvate" equity .
See "Visiting Tom" by Michael Perry ...
skiJ
Your aunt isn't a manager or her fund sucks if that's all she's pulling down. 4ply doesn't know there are levels he's never seen out there...
That was my first thoughtQuote:
Originally Posted by Dexter Rutecki
Thought the same thing about him bragging about his dink size too
As an operating partner for a PEG, independent sponsor on my own and flipping deals I dont want to other PEGs.Quote:
Originally Posted by 123ski
Beer just came out of my nose.Quote:
Originally Posted by oftpiste
Fucker.