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Title

[Webinar] Will Private Equity Live Up To Expectations?

Location

Online event

Start Time

25/11/2020 18:00

End Time

25/11/2020 19:30

Category

 

All Day Event

 

Recurrence

 

Location Info

​Online event

Event Description

Will Private Equity Live Up to Expectations?

David Swensen, the legendary Chief Investment Officer of the Yale Endowment since 1985, is the father of the Yale Model: a heavy allocation to private and alternative assets, including venture capital and buyout funds, which enabled the Yale Endowment to return 9.9% per annum over the 20 years ending June 30, 2020.

The private equity industry promotes its very high risk-adjusted returns and sits on a record amount of dry powder. At a time of elevated market valuations for stocks and low interest rates, private equity has an obvious appeal to investors willing to put money at work in the real economy.

But for Ludovic Phalippou, the author of the bestseller 'Private Equity Laid Bare', and professor of Financial Economics at Saïd Business School, University of Oxford, private equity no longer beats public markets. It uses a deeply flawed metrics, the IRR, to tout its returns, and has become a 'billionaire factory', the billionaires being private equity top executives, not investors in private equity funds.

Jean-François Bouilly, CFA, CIPM, will walk us through the GIPS® Standards' treatment of private equity performance.

France Vassaux, Deputy Managing Director of France Invest, the French Association of Investors for Growth, will show that private equity delivered strong growth in 2019, with record amounts of capital raised, predominantly in buyout funds. She will also provide insights on the impact of Covid-19, and on the increased availability of private equity funds for retail investors in France, via life insurance contracts.

A webinar moderated by Philippe Maupas, CFA, CIPM, CAIA, will follow those 3 presentations. Laurent Grillet-Aubert, senior economist at AMF, will join the 3 speakers to provide the French regulator's perspective.

This event will be held in French, but questions in English are welcome.


An Inconvenient Fact_Phalippou.pdf

France Invest Études 2020_Activité S1 2020.pptx.pdf

Speaker

 

CE Credits

1

Cost

 

Registration

​Coming Soon

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Event City

 

Event State/Province

 

Event Country

 

Event Region

EMEA

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Member Price

 

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Candidate Price

 

Event Manager Email

events@cfafrance.org

Non-payment Event

No

Waiting List

No

Target Audiences

No targeting

Date

25/11/2020

EventDate

44 160,75

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Event Link

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Event Short Info

[Webinar] Is Private Equity a silver bullet for investors or a billionaire factory serving general partners?

Find out during our webinar with France Vassaux (France Invest), Ludovic Phalippou (Saïd Business School), Laurent Grillet-Aubert (AMF), and Jean-Francois Bouilly, CFA, CIPM (CFA Society France). The webinar will be moderated by Philippe Maupas, CFA, CAIA, CIPM Maupas, CFA, CIPM.

Event Type

Society; Featured

Attachments

Content Type: Event
Created at 30/10/2020 05:02 by marie-alix.demeyer@cfafrance.org
Last modified at 27/11/2020 10:25 by marie-alix.demeyer@cfafrance.org