Ludovic Phalippou

Sorry about that, but I have two twitter accounts, which is impractical. I will shut down this one, and will try to be active on the other one from now on, there a few news coming up re PE laid bare: @lphalippou81

Nice article

#Privateequity performance is built on fraud, which is why they will never adopt real @CFAinstitute #GIPS performance standards institutionalinvestor.com/article/b1h3qt… @PEcloserlook @PELaidBare @EileenAppelbaum @ewarren @davidsirota

Good piece in the FT ft.com/content/e089cd…

These types of things worry me dearly

Private Equity firms Blackstone & KKR control Surprise Medical Billing nakedcapitalism.com/2019/09/privat… @PEcloserlook @PELaidBare @EileenAppelbaum

@EileenAppelbaum One response you will get on the pension fund point is that overall pension funds received decent returns from PE (albeit often overstated)

Private equity gets away with all of this because of loopholes in current law. But that doesn’t mean what they are doing makes sense for either workers or the economy. We need reforms that center workers and others taken advantage of in the current PE model. 12/12

THREAD: The retail apocalypse in full swing: Gymboree closes 800 stores, Shopko 105, Payless 2300, Charlotte Russe 400. What’s behind it? Some blame Amazon or changing taste, but the real culprit is private equity. We’ll explain how PE makes money as these businesses fail. 1/12

@EileenAppelbaum This is very intriguing and financial economists among others need to think hard about this ASAP

@dthesmar @augustinlandier @LesEchos Excellent

@tobecb @PEcloserlook Fully agree. Have been saying this for a while now.

How Public Pensions Could Trigger The Next Financial Crisis ⁦@PEcloserlook⁩ ⁦@PELaidBare⁩ valuewalk.com/2019/03/public…

Dear Pensions: If you won't listen to me on fees and costs... will you at least listen to WARREN BUFFET!? ai-cio.com/news/warren-bu… Remember: The only thing guaranteed by high fee managers is... high fees.

@PEcloserlook @jasonzein

Per Pitchbook, a higher percentage of secondary buyouts include at least one dividend recap.

The rise of secondary buyouts is an inevitable outcome of the growth of PE fundraising outpacing the growth the investment opportunity set... “Flush With Cash, Private Equity Giants Return to Old Haunts” bloomberg.com/news/articles/…

@tobecb @PEcloserlook @GoHedgeClippers Perhaps yet more interesting is: ten+ years ago, appeared the Endwmnt CIO concept, someone on campus earning $5m, & would be ok b/c they will outperform. Results just came in. It is not pretty. Always the same error: we think the world is deterministic while most of it is random.

Private Equity Performance Lagging nakedcapitalism.com/2019/02/even-e… @PEcloserlook @GoHedgeClippers @PELaidBare

Always difficult to boil down a complex message in a few minutes, but key message was clear (hopefully). Below is link to podcast and then in comments, the link to my latest paper on carried interest (just completed first draft, comments very welcome) stitcher.com/podcast/pei-sp…

@EdwardSiedle @Forbes Amazing ! ... or to be expected

Rhode Island Forced to Stay Another Year in Fund Sold To Pension By Gina Raimondo via @forbes #2cf05f744490" target="_blank" rel="nofollow noopener">forbes.com/sites/edwardsi…

2) "Have mercy upon us, and forgive our sins. We will have a concrete plan next time ." God smiled and sent them back to post-no-deal-Brexit England. "Oh, no, this Hell is a lot worse than the earlier one!" But it was too late."There is a special place in Hull (England)".

Oh, and that reader's comment: 1) Brexiters who tried to leave the EU without having a concrete plan were sent to Poland, picking fruits, made to pay tax, and being called "economic migrants" and "immigrants". "This is Hell," they complained to God.

Made my day! Love the idea that paradise is located in an IKEA (or the other way around) ft.com/content/b50b80…