How Big Promises And Fat Fees Turned Private Equity Into A Lousy Investment

Private equity funds are the greatest wealth builders ever invented on Wall Street. So why have the retail versions of the dealmakers’ funds, peddled by Merrill Lynch and other brokers, performed so poorly?

Source: https://www.forbes.com/sites/antoinegara/2021/08/06/how-big-promises-and-fat-fees-turned-private-equity-into-a-lousy-investment/

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