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by vasilipupkin
2469 days ago
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doing a fund by fund analysis is not unfair as funds are marketed to LPs separately. It does me no good that fund ABC had 30% IRR if fund XYZ that I am invested in from tbe same brand of manager is earning 1.5% IRR. "IRR can be deceiving as it is time based". No, it's the other way. A return without mentioning how long it took to earn it is deceiving. |
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Except that this is how some LPs want it to be reported, so how do you explain that? If you want to do a comparison to stock market returns ("seeking alpha") then sure, IRR makes sense.