New podcast

Aug. 13, 2019

Why are we changing the traditional Private Equity fund structures and incentives? David Robinson and Per Strömberg discuss the development in our new podcast.

For the last few years, there has been a dramatic inflow of capital into illiquid asset markets, such as private equity. One driver of this inflow has been the high historical return to funds investing in these markets relative to more liquid asset classes. At the same time, institutional investors have become increasingly concerned about the high fee levels - both explicit and hidden - of investing in alternative investment funds. This has led to a proliferation in alternative fund structures. And, it raises basic questions around incentive problems in alternative asset management. In this podcast we brought together David Robinson, Professor of Finance Duke University and Per Strömberg, Professor of Finance and Private Equity, SSE to discuss these issues.