State Street Corporation (NYSE: STT) has a report out showing various 2007 private equity returns. While the numbers are backward looking and do not indicate anything for tomorrow, the numbers are still staggering considering all of the problems that started hitting private equity firms last year.
The State Street Private Equity Index posted its returns for the index date December 31, 2007 and it still shows a long-term return that is higher than the traditional equity markets.
The index is based on the latest quarterly statistics from State Street Investment Analytics' Private Edge Group. It is a detailed analysis of private equity investments for a diverse client base covering public and private pensions, endowments and foundations, representing more than 4,000 commitments totaling more than $160 billion.
Continue reading the full report at 247WallSt.com.
Despite current woes, private equity funds still outperform
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