A cornucopia of scrumptious news
Nov 24th, 2009 | Filed under: AAA Newsreels, Today's Post
To help our American readers celebrate the Thanksgiving holiday, we have harvested a bushel-full of news items that show an industry in such transition that it may soon become a leading cause of indigestion.
PE firms getting into the HF business: “…Private equity firms will need to become more like asset managers, offering buyouts as just part of their portfolio…large U.S. private equity firms, such as Blackstone, KKR and Apollo, have spread their wings into new fields like real estate, hedge funds and general asset management…”
HF firms getting into the PE business: “Hedge fund investors stuck in products with illiquid assets are increasingly seeing interest in their stakes from specialist private equity or other buyers as markets recover…”
HF firms getting into the banking business: “Hedge funds provided as much as 40 percent of the money raised this year by U.S. and European banks as they sought to offset losses and meet government capital requirements…”
Banks getting into the HF business: “…despite their moniker of ‘highly-leveraged institutions’, most hedge funds today operate with leverage less than a tenth that of the largest global banks…” More…
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