By memossy
Low interest rates are forcing asset allocators who have high (7-8%) nominal return targets into PE/VC
I go over the logic of this here, many seem to miss it: https://medium.com/@emad/asset-allocation-not-share-prices-w…
(my background: hedge fund manager/strategist with clients like those mentioned in article)
Read more here: https://news.ycombinator.com/item?id=10431728
memossy comments on "Bill Gurley: startups seeking funding are starting to lower their expectations"
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