Jeff Hooke is the author of several classics including "Security Analysis & Business Valuation on Wall Street" (get the book: https://goo.gl/FwX3we), and faculty at John Hopkins Carey Business School. In this talk, he discusses his recent work on the performance, returns and alpha generated by private equity funds. In doing so, he emphasizes the impact of fees, firm size, and liquidity as well as addressing implications for the individual investor.