The myth of private equity :: an inside look at Wall Street's transformative investments /
"Private equity was once a niche investment play that has grown into a massive behemoth affecting both American commerce and the financial markets. This book will explore the negatives of private equity, aspects of the business that remain opaque. The author posits that private equity profits f...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York :
Columbia University Press,
[2021]
|
| Schriftenreihe: | Columbia Business School publishing.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Private equity was once a niche investment play that has grown into a massive behemoth affecting both American commerce and the financial markets. This book will explore the negatives of private equity, aspects of the business that remain opaque. The author posits that private equity profits from this opacity. Private equity managers claim they can beat the market (which isn't always borne out). When faced with such evidence, the managers say their product offers 'low correlation' to the stock market and, thus, provides a diversification opportunity from publicly traded equities, neither of which is true. The business media, for the most part, ignores these salient facts and portrays prominent fund managers as "geniuses" even when the big-name funds, like Blackstone, KKR and Carlyle, perform no better than the small no-name funds. State legislators pass laws hiding high private equity fees on their pension plans, and other customers of private equity continue buying it, since the practical expedient of investing in more lucrative, low-cost index funds obviates the need for their own jobs. For financial professionals hedge funds were once the place to be, now it's private equity. Private equity is undeniably successful and incredibly profitable for those who manage it. But it is important that the industry be held to account where its shortcomings may lie"-- |
| Beschreibung: | 1 online resource (227 pages) : illustrations. |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780231552820 0231552823 |
Internformat
MARC
| LEADER | 00000cam a2200000 i 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBU-on1238131250 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr ||||||||||| | ||
| 008 | 210216s2021 nyua ob 001 0 eng | ||
| 010 | |a 2021004498 | ||
| 040 | |a DLC |b eng |e rda |c DLC |d OCLCO |d OCLCF |d EBLCP |d N$T |d YDX |d JSTOR |d UKAHL |d YDX |d YUS |d OCLCO |d XII |d OCLCO |d LMR |d K6U |d OCLCQ |d OCLCO |d TMA |d OCLCL |d OCLCQ |d OCLCO | ||
| 019 | |a 1267457670 | ||
| 020 | |a 9780231552820 |q (ebook) | ||
| 020 | |a 0231552823 |q (ebook) | ||
| 020 | |z 9780231198820 |q (hardback) | ||
| 024 | 8 | |a 302444213 | |
| 035 | |a (OCoLC)1238131250 |z (OCoLC)1267457670 | ||
| 037 | |a 22573/ctv1z78c3j |b JSTOR | ||
| 042 | |a pcc | ||
| 043 | |a n-us--- | ||
| 050 | 0 | 4 | |a HG4751 |b .H66 2021 |
| 072 | 7 | |a BUS |x 036000 |2 bisacsh | |
| 072 | 7 | |a BUS |x 079000 |2 bisacsh | |
| 072 | 7 | |a BUS |x 015000 |2 bisacsh | |
| 082 | 7 | |a 332.6 |2 23 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Hooke, Jeffrey C., |e author. | |
| 245 | 1 | 4 | |a The myth of private equity : |b an inside look at Wall Street's transformative investments / |c Jeffrey C. Hooke. |
| 264 | 1 | |a New York : |b Columbia University Press, |c [2021] | |
| 300 | |a 1 online resource (227 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a Columbia Business School publishing | |
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a A Day in the Life -- The Private Equity Industry -- How does the Private Equity Industry Work? -- The Poor Investment Results -- Private Equity and the Holy Grail -- The High Fees -- The Customers -- The Staffs -- The Enablers -- The Fellow Travelers -- In Closing. | |
| 520 | |a "Private equity was once a niche investment play that has grown into a massive behemoth affecting both American commerce and the financial markets. This book will explore the negatives of private equity, aspects of the business that remain opaque. The author posits that private equity profits from this opacity. Private equity managers claim they can beat the market (which isn't always borne out). When faced with such evidence, the managers say their product offers 'low correlation' to the stock market and, thus, provides a diversification opportunity from publicly traded equities, neither of which is true. The business media, for the most part, ignores these salient facts and portrays prominent fund managers as "geniuses" even when the big-name funds, like Blackstone, KKR and Carlyle, perform no better than the small no-name funds. State legislators pass laws hiding high private equity fees on their pension plans, and other customers of private equity continue buying it, since the practical expedient of investing in more lucrative, low-cost index funds obviates the need for their own jobs. For financial professionals hedge funds were once the place to be, now it's private equity. Private equity is undeniably successful and incredibly profitable for those who manage it. But it is important that the industry be held to account where its shortcomings may lie"-- |c Provided by publisher. | ||
| 588 | |a Description based on online resource; title from digital title page (viewed on October 21, 2021). | ||
| 650 | 0 | |a Private equity |z United States. | |
| 650 | 0 | |a Finance |z United States. |0 http://id.loc.gov/authorities/subjects/sh90001493 | |
| 650 | 6 | |a Capital-investissement |z États-Unis. | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Investments & Securities / General |2 bisacsh | |
| 650 | 7 | |a Finance |2 fast | |
| 650 | 7 | |a Private equity |2 fast | |
| 651 | 7 | |a United States |2 fast | |
| 758 | |i has work: |a The myth of private equity (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGKKjFqfrDxVxCQQvdBgKd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Hooke, Jeffrey C.. |t The myth of private equity |d New York : Columbia University Press, [2021] |z 9780231198820 |w (DLC) 2021004497 |
| 830 | 0 | |a Columbia Business School publishing. | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBU |q FWS_PDA_EBU |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2894018 |3 Volltext |
| 938 | |a Askews and Holts Library Services |b ASKH |n AH39183762 | ||
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL6522622 | ||
| 938 | |a YBP Library Services |b YANK |n 302444213 | ||
| 938 | |a EBSCOhost |b EBSC |n 2894018 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBU | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-on1238131250 |
|---|---|
| _version_ | 1816796939086200832 |
| adam_text | |
| any_adam_object | |
| author | Hooke, Jeffrey C. |
| author_facet | Hooke, Jeffrey C. |
| author_role | aut |
| author_sort | Hooke, Jeffrey C. |
| author_variant | j c h jc jch |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG4751 |
| callnumber-raw | HG4751 .H66 2021 |
| callnumber-search | HG4751 .H66 2021 |
| callnumber-sort | HG 44751 H66 42021 |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | A Day in the Life -- The Private Equity Industry -- How does the Private Equity Industry Work? -- The Poor Investment Results -- Private Equity and the Holy Grail -- The High Fees -- The Customers -- The Staffs -- The Enablers -- The Fellow Travelers -- In Closing. |
| ctrlnum | (OCoLC)1238131250 |
| dewey-full | 332.6 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.6 |
| dewey-search | 332.6 |
| dewey-sort | 3332.6 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04356cam a2200637 i 4500</leader><controlfield tag="001">ZDB-4-EBU-on1238131250</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr |||||||||||</controlfield><controlfield tag="008">210216s2021 nyua ob 001 0 eng </controlfield><datafield tag="010" ind1=" " ind2=" "><subfield code="a"> 2021004498</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DLC</subfield><subfield code="b">eng</subfield><subfield code="e">rda</subfield><subfield code="c">DLC</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCF</subfield><subfield code="d">EBLCP</subfield><subfield code="d">N$T</subfield><subfield code="d">YDX</subfield><subfield code="d">JSTOR</subfield><subfield code="d">UKAHL</subfield><subfield code="d">YDX</subfield><subfield code="d">YUS</subfield><subfield code="d">OCLCO</subfield><subfield code="d">XII</subfield><subfield code="d">OCLCO</subfield><subfield code="d">LMR</subfield><subfield code="d">K6U</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">TMA</subfield><subfield code="d">OCLCL</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">1267457670</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780231552820</subfield><subfield code="q">(ebook)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0231552823</subfield><subfield code="q">(ebook)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9780231198820</subfield><subfield code="q">(hardback)</subfield></datafield><datafield tag="024" ind1="8" ind2=" "><subfield code="a">302444213</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1238131250</subfield><subfield code="z">(OCoLC)1267457670</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">22573/ctv1z78c3j</subfield><subfield code="b">JSTOR</subfield></datafield><datafield tag="042" ind1=" " ind2=" "><subfield code="a">pcc</subfield></datafield><datafield tag="043" ind1=" " ind2=" "><subfield code="a">n-us---</subfield></datafield><datafield tag="050" ind1="0" ind2="4"><subfield code="a">HG4751</subfield><subfield code="b">.H66 2021</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">036000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">079000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">015000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.6</subfield><subfield code="2">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Hooke, Jeffrey C.,</subfield><subfield code="e">author.</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The myth of private equity :</subfield><subfield code="b">an inside look at Wall Street's transformative investments /</subfield><subfield code="c">Jeffrey C. Hooke.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York :</subfield><subfield code="b">Columbia University Press,</subfield><subfield code="c">[2021]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (227 pages) :</subfield><subfield code="b">illustrations.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Columbia Business School publishing</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references and index.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">A Day in the Life -- The Private Equity Industry -- How does the Private Equity Industry Work? -- The Poor Investment Results -- Private Equity and the Holy Grail -- The High Fees -- The Customers -- The Staffs -- The Enablers -- The Fellow Travelers -- In Closing.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">"Private equity was once a niche investment play that has grown into a massive behemoth affecting both American commerce and the financial markets. This book will explore the negatives of private equity, aspects of the business that remain opaque. The author posits that private equity profits from this opacity. Private equity managers claim they can beat the market (which isn't always borne out). When faced with such evidence, the managers say their product offers 'low correlation' to the stock market and, thus, provides a diversification opportunity from publicly traded equities, neither of which is true. The business media, for the most part, ignores these salient facts and portrays prominent fund managers as "geniuses" even when the big-name funds, like Blackstone, KKR and Carlyle, perform no better than the small no-name funds. State legislators pass laws hiding high private equity fees on their pension plans, and other customers of private equity continue buying it, since the practical expedient of investing in more lucrative, low-cost index funds obviates the need for their own jobs. For financial professionals hedge funds were once the place to be, now it's private equity. Private equity is undeniably successful and incredibly profitable for those who manage it. But it is important that the industry be held to account where its shortcomings may lie"--</subfield><subfield code="c">Provided by publisher.</subfield></datafield><datafield tag="588" ind1=" " ind2=" "><subfield code="a">Description based on online resource; title from digital title page (viewed on October 21, 2021).</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Private equity</subfield><subfield code="z">United States.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Finance</subfield><subfield code="z">United States.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh90001493</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Capital-investissement</subfield><subfield code="z">États-Unis.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Investments & Securities / General</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Finance</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Private equity</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">United States</subfield><subfield code="2">fast</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">The myth of private equity (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGKKjFqfrDxVxCQQvdBgKd</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Hooke, Jeffrey C..</subfield><subfield code="t">The myth of private equity</subfield><subfield code="d">New York : Columbia University Press, [2021]</subfield><subfield code="z">9780231198820</subfield><subfield code="w">(DLC) 2021004497</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Columbia Business School publishing.</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBU</subfield><subfield code="q">FWS_PDA_EBU</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2894018</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH39183762</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest Ebook Central</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL6522622</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">302444213</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">2894018</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| geographic | United States fast |
| geographic_facet | United States |
| id | ZDB-4-EBU-on1238131250 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:38Z |
| institution | BVB |
| isbn | 9780231552820 0231552823 |
| language | English |
| lccn | 2021004498 |
| oclc_num | 1238131250 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (227 pages) : illustrations. |
| psigel | ZDB-4-EBU |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Columbia University Press, |
| record_format | marc |
| series | Columbia Business School publishing. |
| series2 | Columbia Business School publishing |
| spelling | Hooke, Jeffrey C., author. The myth of private equity : an inside look at Wall Street's transformative investments / Jeffrey C. Hooke. New York : Columbia University Press, [2021] 1 online resource (227 pages) : illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Columbia Business School publishing Includes bibliographical references and index. A Day in the Life -- The Private Equity Industry -- How does the Private Equity Industry Work? -- The Poor Investment Results -- Private Equity and the Holy Grail -- The High Fees -- The Customers -- The Staffs -- The Enablers -- The Fellow Travelers -- In Closing. "Private equity was once a niche investment play that has grown into a massive behemoth affecting both American commerce and the financial markets. This book will explore the negatives of private equity, aspects of the business that remain opaque. The author posits that private equity profits from this opacity. Private equity managers claim they can beat the market (which isn't always borne out). When faced with such evidence, the managers say their product offers 'low correlation' to the stock market and, thus, provides a diversification opportunity from publicly traded equities, neither of which is true. The business media, for the most part, ignores these salient facts and portrays prominent fund managers as "geniuses" even when the big-name funds, like Blackstone, KKR and Carlyle, perform no better than the small no-name funds. State legislators pass laws hiding high private equity fees on their pension plans, and other customers of private equity continue buying it, since the practical expedient of investing in more lucrative, low-cost index funds obviates the need for their own jobs. For financial professionals hedge funds were once the place to be, now it's private equity. Private equity is undeniably successful and incredibly profitable for those who manage it. But it is important that the industry be held to account where its shortcomings may lie"-- Provided by publisher. Description based on online resource; title from digital title page (viewed on October 21, 2021). Private equity United States. Finance United States. http://id.loc.gov/authorities/subjects/sh90001493 Capital-investissement États-Unis. BUSINESS & ECONOMICS / Investments & Securities / General bisacsh Finance fast Private equity fast United States fast has work: The myth of private equity (Text) https://id.oclc.org/worldcat/entity/E39PCGKKjFqfrDxVxCQQvdBgKd https://id.oclc.org/worldcat/ontology/hasWork Print version: Hooke, Jeffrey C.. The myth of private equity New York : Columbia University Press, [2021] 9780231198820 (DLC) 2021004497 Columbia Business School publishing. FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2894018 Volltext |
| spellingShingle | Hooke, Jeffrey C. The myth of private equity : an inside look at Wall Street's transformative investments / Columbia Business School publishing. A Day in the Life -- The Private Equity Industry -- How does the Private Equity Industry Work? -- The Poor Investment Results -- Private Equity and the Holy Grail -- The High Fees -- The Customers -- The Staffs -- The Enablers -- The Fellow Travelers -- In Closing. Private equity United States. Finance United States. http://id.loc.gov/authorities/subjects/sh90001493 Capital-investissement États-Unis. BUSINESS & ECONOMICS / Investments & Securities / General bisacsh Finance fast Private equity fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh90001493 |
| title | The myth of private equity : an inside look at Wall Street's transformative investments / |
| title_auth | The myth of private equity : an inside look at Wall Street's transformative investments / |
| title_exact_search | The myth of private equity : an inside look at Wall Street's transformative investments / |
| title_full | The myth of private equity : an inside look at Wall Street's transformative investments / Jeffrey C. Hooke. |
| title_fullStr | The myth of private equity : an inside look at Wall Street's transformative investments / Jeffrey C. Hooke. |
| title_full_unstemmed | The myth of private equity : an inside look at Wall Street's transformative investments / Jeffrey C. Hooke. |
| title_short | The myth of private equity : |
| title_sort | myth of private equity an inside look at wall street s transformative investments |
| title_sub | an inside look at Wall Street's transformative investments / |
| topic | Private equity United States. Finance United States. http://id.loc.gov/authorities/subjects/sh90001493 Capital-investissement États-Unis. BUSINESS & ECONOMICS / Investments & Securities / General bisacsh Finance fast Private equity fast |
| topic_facet | Private equity United States. Finance United States. Capital-investissement États-Unis. BUSINESS & ECONOMICS / Investments & Securities / General Finance Private equity United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2894018 |
| work_keys_str_mv | AT hookejeffreyc themythofprivateequityaninsidelookatwallstreetstransformativeinvestments AT hookejeffreyc mythofprivateequityaninsidelookatwallstreetstransformativeinvestments |