Editorial: Defunding private equity
U.S. private equity funds are currently sitting on close to a trillion dollars in uninvested funds (‘dry powder’) earmarked for...
EU regulation of private equity: results and prospects
Following 18 months of negotiations, the first-ever legislative regulation of private equity through a binding Directive was adopted by the...
Blackstone surfs government Hilton subsidy to demand massive concessions from hotel workers
In a move which gives new meaning to “troubled asset recovery”, the Federal Reserve Bank of New York has gifted...
Blackstone’s Hilton Woes Will Weigh on Workers
Private equity operator Blackstone, “has good reason to be nervous about Hilton.” They’re not alone; the enormous leverage taken on...
Editorial: Private Equity and the European Commission: the Big Bluff
UK private equity funds and their lobbyists, according to press reports, are frantically pressuring the government to “protect its members...
Editorial: The Commissioner, ‘Transparency’, and Codes of Conduct: the Last Refuge of a Scoundrel?
No one can accuse EU Commissioner for Internal Market and Services Charlie McCreevy of excessive subtlety, but his current escapades...
Editorial: Illusion, Reality and Spin: Davos, LBOs and Job Destruction
Against a backdrop of financial meltdown and the specter of global recession, this year’s World Economic Forum in Davos, Switzerland...