Davis: Private equity reporting returns without leverage adjustments is despicable
Christopher Davis · Chris Davis: Three Generations of Wealth · Mar 5, 2024 · at 1:11:49
Christopher Davis of Davis Advisors criticizes private equity performance accounting and fee structures.
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“It's just despicable that you show your returns, but you don't adjust them for leverage. Like benchmark them to the S and P with the same amount of leverage”
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