Investors in Private Equity Funds: Theory, Preferences and Performances

As the world emerges from one of the biggest—nancial crises in history, the list of causative factors for the global bubble that preceded it becomes clear. A lack of transparency in the investment markets, a rush to illiquid assets and a glorification of aggressive investment strategies are some of those factors. If we can learn anything from the crisis, it definitely includes that many of the largest and most important investors knew too little about how to deal with investments outside th...