Lawmakers say they are closer to reaching a compromise deal on controversial hedge fund and private equity fund legislation
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FT on 23rd Feb 2010 (via traxfer.ft.com)
Some of Europe's biggest private equity investors have attacked a plan requiring alternative fund managers to register, saying it was likely to push up costs without delivering much benefit
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FT on 8th May 2009 (via traxfer.ft.com)
Diplomats in Brussels will try to agree a compromise on controversial proposals to regulate the hedge fund and private equity industries on a pan-European basis for the first time
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FT on 10th Mar 2010 (via traxfer.ft.com)
Private equity firms fear Government plans to raise capital gains tax from 18pc to 40pc could deal a devastating blow to their business model.
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Telegraph on 13th May 2010 (via telegraph.co.uk)
Rewind almost three years and the trade union movement was embroiled in a bitter media spat with the private equity industry. We were asked to produce the evidence that private equity firms increased risk for the companies they acquired. Well, the evidence is now here.
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LiberalConspiracy on 23rd Feb 2010 (via liberalconspiracy.org)
In an interview with Euractiv, Javier Echarri, Secretary-General of the European Private Equity and Venture Capital Association (EVCA), criticised the EU’s proposed directive on alternative investment funds for being flawed and for discriminating against private equity, particularly through its strict disclosure requirements.
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OpenEurope on 6th Jul 2009 (via openeurope.org.uk)
UNI has put out a useful little report (PDF) looking at pension fund investment in private equity as an asset class. It helpfully points out where the labour movement has representation in the funds that are investing in PE (actually this is quite common). It's another sign that unions are developing another element to their engagement with private equity. So far we've had the air war - ...
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LabourAndCapital on 29th Aug 2008 (via labourandcapital.blogspot.com)
I must be thick, but this story doesn't seem to make much sense to me. UK – Claims that private equity firms are driving pension funds into the control of the Pension Protection Fund (PPF) have been challenged by new research. According to the research conducted by Close Brothers, companies backed by private equity firms accounted for 29% of the pension schemes that had been forced to e...
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LabourAndCapital on 2nd Oct 2008 (via labourandcapital.blogspot.com)
Hat-tip to Global Proxy Watch for this one, a paper on agency problems with respect to private equity. Remember the pitch from proponents is that private equity solves the agency problem in the shareholder-company model. I've blogged before that I'm a bit sceptical about this. But this paper looks to do the work properly rather than guess at the problem!Here's the abstract:Abstract: Because a buyo...
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LabourAndCapital on 15th Jul 2008 (via labourandcapital.blogspot.com)
European Commission proposals to regulate alternative investment funds discriminate against private equity and favour direct competitors like sovereign wealth funds or maverick businessmen, Javier Echarri, secretary-general of the European Private Equity and Venture Capital Association (EVCA), told EurActiv in an interview.
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EurActiv on 6th Jul 2009 (via euractiv.com)
In Britain anyone who is anyone has a hedge fund, or did. In China, anyone who is anyone’s child has his own private equity firm: Prominent private equity princelings include George Li, a former banker at Merrill Lynch and UBS...
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BloodAndTreasure on 31st Mar 2010 (via bloodandtreasure.typepad.com)