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The Myth of Private Equity : An Inside Look at Wall Street’s Transformative Investments / Jeffrey C. Hooke.

By: Material type: TextTextPublisher: New York, NY : Columbia University Press, [2021]Copyright date: 2021Description: 1 online resource : 71 figures and tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780231198820
  • 9780231552820
Subject(s): DDC classification:
  • 332.6 23
LOC classification:
  • HG4751 .H66 2021
Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- Contents -- 1 A Day in the Life -- 2 The Private Equity Industry -- 3 How Does the Private Equity Industry Work? -- 4 The Poor Investment Results -- 5 Private Equity and the Holy Grail -- 6 The High Fees -- 7 The Customers -- 8 The Staffs -- 9 The Enablers -- 10 The Fellow Travelers -- 11 In Closing -- NOTES -- INDEX
Summary: Once an obscure niche of the investment world, private equity has grown into a juggernaut, with consequences for a wide range of industries as well as the financial markets. Private equity funds control companies that represent trillions of dollars in assets, millions of employees, and the well-being of thousands of institutional investors and their beneficiaries. Even as the ruthlessness of some funds has made private equity a poster child for the harms of unfettered capitalism, many aspects of the industry remain opaque, hidden from the normal bounds of accountability.The Myth of Private Equity is a hard-hitting and meticulous exposé from an insider’s viewpoint. Jeffrey C. Hooke—a former private equity executive and investment banker with deep knowledge of the industry—examines the negative effects of private equity and the ways in which it has avoided scrutiny. He unravels the exaggerations that the industry has spun to its customers and the business media, scrutinizing its claims of lucrative investment returns and financial wizardry and showing the stark realities that are concealed by the funds’ self-mythologizing and penchant for secrecy. Hooke details the flaws in private equity’s investment strategies, critically examines its day-to-day operations, and reveals the broad spectrum of its enablers. A bracing and essential read for both the financial profession and the broader public, this book pulls back the curtain on one of the most controversial areas of finance.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780231552820

Frontmatter -- Contents -- 1 A Day in the Life -- 2 The Private Equity Industry -- 3 How Does the Private Equity Industry Work? -- 4 The Poor Investment Results -- 5 Private Equity and the Holy Grail -- 6 The High Fees -- 7 The Customers -- 8 The Staffs -- 9 The Enablers -- 10 The Fellow Travelers -- 11 In Closing -- NOTES -- INDEX

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Once an obscure niche of the investment world, private equity has grown into a juggernaut, with consequences for a wide range of industries as well as the financial markets. Private equity funds control companies that represent trillions of dollars in assets, millions of employees, and the well-being of thousands of institutional investors and their beneficiaries. Even as the ruthlessness of some funds has made private equity a poster child for the harms of unfettered capitalism, many aspects of the industry remain opaque, hidden from the normal bounds of accountability.The Myth of Private Equity is a hard-hitting and meticulous exposé from an insider’s viewpoint. Jeffrey C. Hooke—a former private equity executive and investment banker with deep knowledge of the industry—examines the negative effects of private equity and the ways in which it has avoided scrutiny. He unravels the exaggerations that the industry has spun to its customers and the business media, scrutinizing its claims of lucrative investment returns and financial wizardry and showing the stark realities that are concealed by the funds’ self-mythologizing and penchant for secrecy. Hooke details the flaws in private equity’s investment strategies, critically examines its day-to-day operations, and reveals the broad spectrum of its enablers. A bracing and essential read for both the financial profession and the broader public, this book pulls back the curtain on one of the most controversial areas of finance.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 20. Nov 2024)