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Private Equity’s Biggest Critic Sounds Off With His Final Warning
University of Oxford professor Ludovic Phalippou told financiers that the stated returns for PE funds were nonsense.
03 Aug 2020, 04:41 PM IST
(Bloomberg Businessweek) -- When University of Oxford professor Ludovic Phalippou told financiers responsible for investing trillions of dollars in retirement money that the stated returns for private equity funds were nonsense, there were two reactions, he recalls. Some worried they could be legally liable for misunderstanding the data. And some wanted everyone to pretend the talk never happened.
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