Private equity groups battle for secrets - papers 17 January

Local authority pension funds that invest in private equity funds must decide this week on disclosing information on the volatile returns generated by those investments or to keep them private, the paper says. Local authority money managers, with up to £90bn in pension fund assets, said some private equity funds were pressing them not to reveal the information requested. They also feared their investments might be turned away by venture capitalists if they were forced to be too open. The issue has come to a head as a result of a FOIA application by a private market intelligence gatherer...