E32: Ashby Monk, Stanford Professor on How to Become a Billionaire in Private Equity
How I Invest with David Weisburd
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Unions, Pension Funds, and Hedge Funds in the Private Equity Industry
The chapter discusses the dynamics between unions, pension funds, and hedge funds in the private equity industry. It suggests that unions often push for increased allocations to private equity and hedge funds, even though these asset managers may be working against the unions' interests. The chapter also highlights the implications of overpromising on expected returns and the role of pension funds in creating billionaires in the alternative investment industry.
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