Debunking Private Equity’s Myth

As we have discussed, the investment success of the Yale Endowment led many endowments, foundations and even high-net-worth individuals to consider adopting the strategies utilized in the so-called “Yale Model.” This included a focus on alternative investments and attempts to capture the liquidity premium available in illiquid investments, such as private equity and hedge funds.

In his new book, Asset Management: A Systematic Approach to Factor Investing, author Andrew Ang includes a chapter that takes an in-depth look at private equity (PE). Because I highly recommend the book, I thought it worthwhile to review some of his thoughts on the subject.

Read the rest of the article on ETF.com.