All Gas, No Brakes

Danielle Park, CFA6.48K FollowersFollow5ShareSavePlay(2min)Comment(1)SummaryFor more than a decade, the hottest asset class on Wall Street was private credit and private equity funds.Private funds are not the only ones that haven’t successfully managed through an extended bear market.When everyone is paid to bring in assets, very few pay attention to how capital can get out. Hanizam/iStock via Getty Images For more than a decade, the hottest asset class on Wall Street was private credit and private equity funds, where assets held by the funds rarely changed hands and ‘estimated’ values were steadily marked higher by the managers.This article was written byDanielle Park, CFA6.48K FollowersFollowPortfolio Manager, financial analyst, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog:www.jugglingdynamite.com Danielle worked as an attorney until 1997 when she was recruited to work for an international securities firm. A Chartered Financial Analyst (CFA), she now helps to manage millions for some of Canada's wealthiest families as a Portfolio Manager and analyst at the independent investment counsel firm she co-founded Venable Park Investment Counsel Inc. www.venablepark.com. For two decades, Danielle has been writing, speaking and educating industry professionals and investors on the risks and realities of investment behaviors. A member of the internationally recognized CFA Institute, Toronto Society of Financial Analysts, and the Law Society of Upper Canada. Danielle is also an avid health and fitness buff.