In this presentation, Mr. Hooke asks attendees to open their minds and to break from the conventional wisdom.

Mr. Hooke unravels the exaggerations that the private equity industry has spun to its customers and the business media, and he scrutinizes its claims of lucrative investment returns and financial wizardry. He shows the stark realities that are concealed by the fund’s self-mythologizing and their penchant for secrecy, and he reveals the broad spectrum of its many enablers. The talk is a summary of his new book: “The Myth of Private Equity: An Inside Look at Wall Street’s Transformative Investments” (Columbia University Press, 2021). Publisher’s Weekly designated the book as one of their top 10 business books of the year.

Topics to be discussed:
  • To show how the PE-LBO industry works
  • To explain how the PE-LBO industry does not beat the S&P 500, and has not done so for a long time
  • To look at how the performance measurements are manipulated
  • To showcase the high fees
  • To review how a broad set of enablers allow the myth to continue
About Jeffrey Hooke
Now a full-time finance lecturer at Johns Hopkins Carey Business School, Jeff Hooke is an experienced investment banker and private equity professional. He is a keen observer of the institutional investment business, and he is the author of four other books. A portion of his second book, “Security Analysis on Wall Street”, is used on the CFA exam, and the second edition was released in 2013. Mr. Hooke has been published academic research on the topic of private equity, and he has spoken before many CFA groups. A Baltimore native who now lives in suburban Washington, DC, he has a Wharton MBA and a University of Pennsylvania BS.

When:
Monday, October 25, 2021
6:30 PM ET - 7:30 PM ET

Cost:
WCNY Supporting Members - $10 (WCNY supporting membership costs $95/yr at Join/Renew Membership)
Other Wharton Alumni & Alumni Guests - $20
Gold & Benefactor Members - $0

Meeting Access Information:
A link, accessible by personal computer, tablet or smartphone, will be emailed to all registered guests 24-48 hours prior to the event to the "Primary Email" address listed in your profile.  Please login to update your profile and confirm that the email address listed is correct.  We will attempt to provide the ability to ask questions at the end of the presentation and time permitting.

By registering for this event, you agree to the following:
I understand that this session may be recorded and made available, and that my image, name, comments, or questions may appear on-screen.
 


Pre-registration is required. Please register early as events can and do sell out quickly.
Registration is subject to availability and will close on Monday, October 25th at 9:00am.
A link to the recording of this event will be shared by email with all registered guests.

Registering from another Wharton alumni club? Click here for assistance.

Cancellations must be made at least 48-hours (business day) prior to the event date by sending an email to Gabriela Sanchez. Refunds or credits for future events are not available for any no-shows or late cancellations. Click here for full details.
 
 
 
   

When:

6:30PM - 7:30PM Mon 25 Oct 2021, Eastern timezone

Virtual Event Instructions:

A link, accessible by personal computer, tablet or smartphone, will be emailed to all registered guests 24-48 hours prior to the event.

Look Who's Coming:

Ricardo Martinez
  HUB International
Stuart Kaye
Eric Peffer
Arsen Mrakovcic
Martha Cummings
Jeffrey Shieh
Susan Ferber
  USI Advisors
Prajakta Nadkarni
Nicholas Nocca
Gloria Suen
Ryan Coleman
Peter Benton
  Worldwide Clinical Trials, Inc.
Suzanne Saurack
Martie D'Apice
  Estancia
Makayla Sugidono
  Estancia Capital Management
David Paley
Richard Wallace
Gordon Robinson
  Changing Management Solutions, LLC
David Browne
  ToughLove
Peter Manda
  Consultant eBrevia, Attorney
Ryan Daugherty
Alan Gilbert
Steven Tuttleman
  Blue 9 Capital
Elana Abraham
Walter Littlejohn
William McKeever
Harvey Fram
William Chow
H Moss
William Goldberg
Howard Marks
  Oaktree
Christian Olesen
  Olesen Value Fund L.P.
Aaron Aubrecht
Marcy Russo
John Ryan
Marie Repko
Dennis Ling
Barbara Safranek
Torrey Browder
Connor Browder
Brian Stengel
Jeffrey Hooke
  SPEAKER - Johns Hopkins Carey Business School
Regina Jaslow
Joshua Fram
Michael Baker
  MSRPS
Sapan Shahani
Kumud Goyal
Jonathan Rabinow
William Georges
Lori Samuels
Arthur Fliegelman
... a total of 57 guests.
Note: to opt out from this list please sign in, go to My Account and change your preferences under My RSVPs.