Some see private equity as a positive agent of change – they buy inefficient companies, fix them up and prepare them for success. Others have a more cynical view. They see private equity as saddling target companies with debt, stripping them of assets and selling them for a quick buck. A new academic paper trawls through thousands of private equity deals to see whose right. We summarise the main findings in our first deep dive.
Policy uncertainty has shot up in recent years thanks to President Trump, Brexit and populism in general. There are some measures of economic policy uncertainty, but most are not that timely. Researchers at the Central Bank of Brazil have just developed a more-timely measure using FX options market data. Our second Deep Dive takes a look at this new index.
Finally, we get personal in our third Deep Dive. We look at the eight principles of spending your money for happiness. This is based on one of the most cited papers on the subject.
Enjoy!
Bilal
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