Joe Pagliari

In this engaging discussion, Joe Pagliari, a scholar of real estate finance at Chicago Booth, dives into the intriguing world of alternative investments. He scrutinizes the shift of US pension funds toward private equity, questioning whether these strategies will yield the expected returns. Joe reveals the dangers of valuation opacity, the underperformance of non-core funds, and the impact of excessive risk-taking. With sharp insights into fees and the allure of leverage, he offers actionable recommendations for institutions to effectively navigate this complex landscape.