The performance disparity between established managers and new managers was especially sizable in 2008. Describe what may have attributed to this.
Answer to relevant QuestionsBased on the returns of the various strategies in Exhibits 15.3 and 15.4, which strategy seems to be most successful at achieving absolute returns?What type of management is generally needed to run a portfolio company owned by a private equity firm? Describe the characteristics of these managers.Why do you think more companies do not recapitalize their balance sheets by adding more debt in order to replicate the returns achieved by private equity fund portfolio companies? Do investment banks ever recommend a ...In hindsight, what were some of the errors committed by the buyout group for TXU?In the United States, which provisions have private equity funds historically relied on to avoid registration with the SEC?
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