The Value of the Dollar and the IPO of Birkenstock Stock

For years, low interest rates let private equity deliver huge returns to investors. But now rates are up, and private equity is struggling. Many PE firms are turning to financial engineering to boost results. Today on the show, we wonder how that’s going to turn out. Also we go long the dollar as reserve currency and short the Birkenstock IPO. 

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Read a transcript of this episode on FT.com

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