The alternative asset class of non-listed companies.  In recent years, it has been debated if the term „alternative asset class“ is to be considered outdated. This is an argument mostly brought forward by people involved in the private equity industry – which includes the VC industry – and is partly […]

Naively inspired by the recent show on „Billions“ and seeing the word USP dropped in the investment case of a candy manufacturer, I was asking myself: what did I miss here? My first notion on taking factor models, various risk premia and betas into consideration didn’t make any sense to […]