A leading private equity manager has criticised hedge funds for their growing involvement in private...
A leading private equity manager has criticised hedge funds for their growing involvement in private equity-type deals and questioned their patience for longer duration investments. Thomas Kubr, chief executive at private equity, buyout and mezzanine firm Capital Dynamics, said private equity funds' longer-term turnaround investments required a "very different mentality and skill-set" to the typical trading approach for hedge funds. He also cast doubt on whether hedge funds were the best choice for potential investee firms involved in restoring companies' health or buying out divisions. "...
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