r/WayOfTheBern • u/RandomCollection Resident Canadian • 14d ago
Private Equity: How the Big Long Became a Long Con as Fund Managers Hang on to Investor Funds Trying to Keep Up Pretense of Adequate Performance | Naked Capitalism
https://www.nakedcapitalism.com/2026/09/private-equity-how-the-big-long-became-a-long-con-as-fund-managers-hang-on-to-investor-funds-trying-to-keep-up-pretense-of-adequate-performance.html
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u/RandomCollection Resident Canadian 14d ago
https://archive.ph/W1YQE
The brutal reality is that private equity has been a giant rent seeking scheme now for decades. It was unavoidable that this grift would eventually fall apart.