Premier Miton's Jane on private equity's 'obvious malinvestment'

"As in every cycle, there will be some spectacular blow ups and some of the candidates are becoming evident. Asset classes that collapse are generally the ones which are subject to the most leverage as this leads to forced selling once the direction turns down," he said.  Jane (pictured) argued that an obvious candidate is the private equity arena, which he sees as an area of "obvious malinvestment" beginning to unravel due to huge valuations on businesses with little revenue, let alone profit. "This is a feature of most recent market cycles but has been at least as extreme in the cur...