Moving on from the Edict of Diocletian in Part 1, next up in our skim through the failed history of price controls is “La Loi du Maximum General” or “The Law of the General Maximum” – France 1793. A digression is in order here. You may ask, why discuss price controls when its excess profit taxes that are being bruited by politicians? Excess profits taxes versus price controls are a distinction without a difference. By imposing extra taxes on a provider of goods or services you have in effect retroactively set a cap on the prices of those good and services. The net effect to the provider is as if it sold its good and services at the controlled price with the added disincentive of not being able to plan costs or production levels in advance.View Full Report
Veripath Partners: Our Canadian farmland investment fund focuses on non-operated row crop farmland with productivity pricing discounts, positive productivity trends and low productivity volatility. Veripath provides consistent returns with infrequent drawdowns, low return volatility and can be an effective public equity replacement in traditional portfolios.
Arvore Partners: Our private equity vertical invests in the lower market where cashflow can be acquired at compelling multiples, then serially consolidated in selected verticals to drive exits. Arvore provides monthly distributions and recurring equity optionality within an evergreen offering.
Genivent Partners: Our multi-asset vertical opportunistically invests in Omnigence partners funds’ secondaries and GP holdings. Genivent acts as a dedicated liquidity sleeve for investors seeking intra-hold period liquidity.
Veripath Partners: Our Canadian farmland investment fund focuses on non-operated row crop farmland with productivity pricing discounts, positive productivity trends and low productivity volatility. Veripath provides consistent returns with infrequent drawdowns, low return volatility and can be an effective public equity replacement in traditional portfolios.
Arvore Partners: Our private equity vertical invests in the lower market where cashflow can be acquired at compelling multiples, then serially consolidated in selected verticals to drive exits. Arvore provides monthly distributions and recurring equity optionality within an evergreen offering.