Heino Meerkatt, Heinrich Liechtenstein
Having predicted a major shakeout in the private-equity industry in the wake of the twin crises of 2008, authors Heino Meerkatt and Heinrich Liechtenstein have more news. Capital is still available and most investors will deliver. Yes, there will be more casualties: cash-strapped anchor investors may drag their firms down. Yet, by gaining power, investors will continue to force the industry through a necessary evolution.
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Javier Estrada
As investors everywhere lose money to the financial crisis, many are wondering whether large catastrophic market swings, known as “black swans,” could ever be predicted with any degree of accuracy. IESE Prof. Javier Estrada considers the impact of outliers in emerging markets and finds that they can have a massive impact on the long term performance of investors’ portfolios.
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Francesc Prior, Antonio Argandoña
Do financial institutions in developing countries have any specific social responsibilities? IESE’s Francesc Prior and Antonio Argandoña would say yes – particularly when considering that lack of financial depth is an important obstacle to economic growth in less developed nations. Here the authors present the underlying causes of low financial depth and provide examples of financial industry best practices in three emerging economies: Colombia, Ecuador and Peru.
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