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020 _a9780231198820
_qprint
020 _a9780231552820
_qPDF
035 _a(DE-B1597)9780231552820
035 _a(DE-B1597)612564
035 _a(OCoLC)1286805986
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG4751
_b.H66 2021
072 7 _aBUS036000
_2bisacsh
082 0 4 _a332.6
_223
084 _aonline - DeGruyter
100 1 _aHooke, Jeffrey C.
_eautore
245 1 4 _aThe Myth of Private Equity :
_bAn Inside Look at Wall Street’s Transformative Investments /
_cJeffrey C. Hooke.
264 1 _aNew York, NY :
_bColumbia University Press,
_c[2021]
264 4 _c2021
300 _a1 online resource :
_b71 figures and tables
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_t1 A Day in the Life --
_t2 The Private Equity Industry --
_t3 How Does the Private Equity Industry Work? --
_t4 The Poor Investment Results --
_t5 Private Equity and the Holy Grail --
_t6 The High Fees --
_t7 The Customers --
_t8 The Staffs --
_t9 The Enablers --
_t10 The Fellow Travelers --
_t11 In Closing --
_tNOTES --
_tINDEX
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aOnce 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.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 20. Nov 2024)
650 0 _aFinance
_zUnited States.
650 0 _aPrivate equity
_zUnited States.
650 7 _aBUSINESS & ECONOMICS / Investments & Securities / General.
_2bisacsh
653 _aJeff Hooke.
850 _aIT-RoAPU
856 4 0 _uhttps://www.degruyter.com/isbn/9780231552820
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9780231552820/original
942 _cEB
999 _c184689
_d184689