MARC details
000 -LEADER |
fixed length control field |
02507cam a22002898i 4500 |
001 - CONTROL NUMBER |
control field |
21904880 |
003 - CONTROL NUMBER IDENTIFIER |
control field |
JGU |
005 - DATE AND TIME OF LATEST TRANSACTION |
control field |
20240411020034.0 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
fixed length control field |
210216s2021 nyu b 001 0 eng |
010 ## - LIBRARY OF CONGRESS CONTROL NUMBER |
LC control number |
2021004497 |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
International Standard Book Number |
9780231198820 |
Qualifying information |
(hardback) |
040 ## - CATALOGING SOURCE |
Original cataloging agency |
DLC |
Language of cataloging |
eng |
Description conventions |
rda |
Transcribing agency |
JGU |
042 ## - AUTHENTICATION CODE |
Authentication code |
pcc |
043 ## - GEOGRAPHIC AREA CODE |
Geographic area code |
n-us--- |
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER |
Classification number |
332.6 |
Edition number |
23 |
Item number |
HO-M |
100 1# - MAIN ENTRY--PERSONAL NAME |
Personal name |
Hooke, Jeffrey C. |
9 (RLIN) |
236348 |
245 14 - TITLE STATEMENT |
Title |
Myth of private equity : |
Remainder of title |
an inside look at Wall Street's transformative investments |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
Place of publication, distribution, etc |
New York : |
Name of publisher, distributor, etc |
Columbia University Press , |
Date of publication, distribution, etc |
2021 |
300 ## - PHYSICAL DESCRIPTION |
Extent |
227 p. |
504 ## - BIBLIOGRAPHY, ETC. NOTE |
Bibliography, etc |
Includes bibliographical references and index. |
505 0# - FORMATTED CONTENTS NOTE |
Formatted contents note |
A Day in the Life -- The Private Equity Industry -- How does the Private Equity Industry Work? -- The Poor Investment Results -- Private Equity and the Holy Grail -- The High Fees -- The Customers -- The Staffs -- The Enablers -- The Fellow Travelers -- In Closing. |
520 ## - SUMMARY, ETC. |
Summary, etc |
"Private equity was once a niche investment play that has grown into a massive behemoth affecting both American commerce and the financial markets. This book will explore the negatives of private equity, aspects of the business that remain opaque. The author posits that private equity profits from this opacity. Private equity managers claim they can beat the market (which isn't always borne out). When faced with such evidence, the managers say their product offers 'low correlation' to the stock market and, thus, provides a diversification opportunity from publicly traded equities, neither of which is true. The business media, for the most part, ignores these salient facts and portrays prominent fund managers as "geniuses" even when the big-name funds, like Blackstone, KKR and Carlyle, perform no better than the small no-name funds. State legislators pass laws hiding high private equity fees on their pension plans, and other customers of private equity continue buying it, since the practical expedient of investing in more lucrative, low-cost index funds obviates the need for their own jobs. For financial professionals hedge funds were once the place to be, now it's private equity. Private equity is undeniably successful and incredibly profitable for those who manage it. But it is important that the industry be held to account where its shortcomings may lie"-- |
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
Topical term or geographic name as entry element |
Private equity |
Geographic subdivision |
United States. |
9 (RLIN) |
1041592 |
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
Topical term or geographic name as entry element |
Finance |
Geographic subdivision |
United States. |
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
a |
7 |
b |
cbc |
c |
orignew |
d |
1 |
e |
ecip |
f |
20 |
g |
y-gencatlg |
942 ## - ADDED ENTRY ELEMENTS (KOHA) |
Source of classification or shelving scheme |
Dewey Decimal Classification |
Koha issues (borrowed), all copies |
6 |