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Double or nothing

Different calculation methods can give very different fund performance results

More often than not, investors would be better off staying invested and not timing additions or withdrawals to a fund manager based on recent performance.

I WAS getting an update on one of my family investments in 2010, by an established private equity firm. This was the first visit after having invested for five years, as the marketing salesperson was promoting their next fund. He proudly said that the existing fund had achieved an Internal Rate...

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