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https://www.wsj.com/articles/private-credit-funds-sharpe-ratio-65b86495

Getting the Sharp End of the Investing Stick

Investors are flooding into funds that specialize in private debt. Many claim to offer mouthwatering returns at extremely low risk, but those claims depend on an unrealistic definition of ‘risk.’

Alex Nabaum
Jason Zweig hedcutBy Jason Zweig

Imagine an investment that can deliver high returns with barely any risk, almost completely independent of the stock market.

Good luck finding that. But you can easily find funds that make such grandiose claims. They’re common in one of the hottest areas in markets today, private investments.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.