8 min listen
Interview: Replicating Private Equity Returns In Public Markets with Verdad’s Brian Chingono
FromExcess Returns
Interview: Replicating Private Equity Returns In Public Markets with Verdad’s Brian Chingono
FromExcess Returns
ratings:
Length:
60 minutes
Released:
Jan 28, 2021
Format:
Podcast episode
Description
There are many misconceptions about private equity. Most investors see it as a domain where high net worth investors and institutions earn returns that can't be achieved via public markets. Investors typically also view the success of private equity as the result of the ability of private equity firms to go in and make operational changes to businesses to unlock their true potential. But it turns out the reality is much less exciting than that. As is the case in public market investing, it turns out that fundamentals and valuation are a large driver of returns.
In this episode, we speak to Brian Chingono of Verdad Capital about the true drivers of private equity returns, and how those returns can be replicated using a systematic strategy in public markets. We also cover some other interesting areas of Verdad's research, including how high yield spreads can be used to identify opportunities for value stocks and whether bond upgrades and downgrades can be predicted via machine learning.
We hope you enjoy the discussion.
FIND OUT MORE ABOUT VERDAD
Verdad (verdadcap.com)
FOLLOW BRIAN ON TWITTER
https://twitter.com/verdadcap_quant
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
SEE LATEST EPISODES
https://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEA
https://www.validea.com
FOLLOW OUR BLOG
https://blog.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTIN
Twitter: https://twitter.com/jjcarbonneau
LinkedIn: https://www.linkedin.com/in/jcarbonneau
In this episode, we speak to Brian Chingono of Verdad Capital about the true drivers of private equity returns, and how those returns can be replicated using a systematic strategy in public markets. We also cover some other interesting areas of Verdad's research, including how high yield spreads can be used to identify opportunities for value stocks and whether bond upgrades and downgrades can be predicted via machine learning.
We hope you enjoy the discussion.
FIND OUT MORE ABOUT VERDAD
Verdad (verdadcap.com)
FOLLOW BRIAN ON TWITTER
https://twitter.com/verdadcap_quant
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
SEE LATEST EPISODES
https://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEA
https://www.validea.com
FOLLOW OUR BLOG
https://blog.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTIN
Twitter: https://twitter.com/jjcarbonneau
LinkedIn: https://www.linkedin.com/in/jcarbonneau
Released:
Jan 28, 2021
Format:
Podcast episode
Titles in the series (100)
Bonus: Long Live Value Investing? by Excess Returns