Big chill hits private equity investors

The latest JPMorgan Fleming index of private investor confidence has fallen to its lowest level so far this year after 40% of respondents to the survey said they believed the stock market would continue to fall in the next six months. That represents a doubling since February in the number of investors who feel stocks are going to lose their value. Just 28% of the 500 investors surveyed believe that the market will rise, and 32% say they are undecided. JPMF says the survey shows investors want to see some steady gains in the FTSE 100 index before turning more cash into...