Usually, when Wall Street money managers fall from grace, there’s some kind of discernible ruckus from angry investors, lawyers filing cases, and doomer headlines.
But even as some of Wall Street’s elite are getting decimated, you can barely hear a sound. Why?
- Part of the relative silence is because of the nature of private equity itself. Client funds are locked in, investments are rather hush-hush, and standard fee structures ensure that the rich stay rich regardless of how markets move.
- Under that blanket of protection, though, you might hear some muffled screams. 😱