15 Nov 2024 - This blog is the second in a three-part weekly series by Ludovic Phalippou, PhD. How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments? Ludovic Phalippou, PhD, offers a critical examination of how IRR is often misinterpreted in private markets. In this second of his three-part series, he shares a simple smell test investors can use to evaluate fund managers’ performance claims.

14 Nov 2024 Edward McQuarrie delves into the complexities of working with historical market data, offering invaluable guidance for investment analysts. It is a must-read for those keen to deepen their understanding of market history and sharpen their analytical skills. Stay tuned for Part II.

11 Nov 2024 Mergers and acquisitions often dominate business headlines, but as Baruch Lev and Feng Gu reveal in The M&A Failure Trap, most of these deals fail to deliver value. This insightful book unpacks the structural reasons behind these failures, from excessive acquisition premiums to misguided conglomerate purchases, writes book review editor Marty Fridson.