Faculty News

Professor Robert Semmens is quoted in an article on the manipulation of private equity firms' returns

—
Bloomberg logo
Excerpt from Bloomberg -- "'IRR can be manipulated. The worst manipulation is investments made using the funds credit to make investments without actually calling the funds producing an infinite IRR,' [Semmens] said in an email, adding that MOIC alone measures the overall profitability of investments, but not an annual return. 'The IRR could be high but very short term such the profit might be small."'

Read more