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Resource ID: #15175
Subject: Business
Source: Forbes Magazine
Date: 1998-03-09



During 1996 and 1997, over $70 billion was poured into so-called leveraged buyout and private equity investments. These popular investments advertised returns of 50 to 100 percent. Forbes Magazine investigates this unregulated business, its exorbitant fees and reveals that the core calculation "internal rate of return" was a bogus statistic.

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