Russian exodus makes space on FTSE 250 for Abrdn and Neuberger Berman trusts
FTSE Russell ousting Evraz and Polymetal International along with two other firms
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FTSE Russell ousting Evraz and Polymetal International along with two other firms
At present, private equity players may have as much as £1.7trillion of 'dry powder' in the form of ready cash to spend, with UK firms seen as alluringly cheap. This news will dismay those who deplore private equity practices, such as loading up companies with debt, a strategy that wreaked havoc on our high streets, or their 'slash and burn' approach of selling valuable assets with the aim of making maximum gains in minimum time. But it will also provoke bewilderment. Why, given the opportunities for lucrative deals, are some of the private equity investment trusts trading at an average 1...
Country Life Trending: December 15, 2020 Private equity has thrived since the Global Financial Crisis After declines in March, private equity valuations have recovered Private equity companies have proved resilient This has been a golden decade for private equity. The financial conditions following 2008’s Global Financial Crisis were ideal for the asset class to flourish, with interest rates low and plenty of capital looking for higher growth assets. The question today is whether private equity can continue to thrive in the ‘new normal’ that emerges from the Covid-19 crisis? Over ...