How One Big Private-Equity Fund Makes Its Numbers Incomprehensible
1. President Trump signed an order expanding access to private equity for 401(k) plans. 2. Private equity's valuation methods have drawn scrutiny and concerns about transparency. 3. Some funds manipulate valuations, leading to significant unrealized gains in short periods. 4. Investors face challenges in understanding true investment costs due to poor reporting practices. 5. Trust in private equity investing could erode due to opaque financial disclosures.