{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6478a825654260001190a7cb/65283bc952b38a00119c336e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Public problems for private equity","description":"<p>For years, low interest rates let private equity deliver huge returns to investors. But now rates are up, and private equity is struggling. Many PE firms are turning to financial engineering to boost results. Today on the show, we wonder how that’s going to turn out. Also we go long the dollar as reserve currency and short the Birkenstock IPO.&nbsp;</p><p><br></p><p>For a free 90-day trial to the Unhedged newsletter go to: <a href=\"https://www.ft.com/unhedgedoffer\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.ft.com/unhedgedoffer</a></p><p><br></p><p>Follow Ethan Wu (<a href=\"https://twitter.com/ethanywu\" rel=\"noopener noreferrer\" target=\"_blank\">@ethanywu</a>) and Katie Martin (<a href=\"https://twitter.com/katie_martin_fx\" rel=\"noopener noreferrer\" target=\"_blank\">@katie_martin_fx</a>) on X, formerly Twitter. You can email Ethan at <a href=\"mailto:ethan.wu@ft.com\" rel=\"noopener noreferrer\" target=\"_blank\">ethan.wu@ft.com</a>.</p><p><br></p><p><a href=\"https://www.ft.com/content/d1a63b82-d659-4b87-b859-a6d1c123cf26\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Read a transcript of this episode on FT.com</strong></a></p>","author_name":"Financial Times & Pushkin Industries"}