|
|
Article: Lines blurring between hedge funds, private-equity firms; Managers invading one another's turf.(News)
- Article from:
- Investment News
- Article date:
- September 13, 2004
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Christine Williamson and Arleen Jacobius
CHICAGO - Hedge fund and private-equity managers are trolling in one another's waters in search of higher returns, but investors worry about the risk of overfishing.
Among the concerns:
* Hedge fund managers, trying to put to work massive infusions of capital, could bid up prices for private-equity deals, thereby diminishing returns for other private-equity investors.
* Hedge fund and fund-of-hedge-funds managers might experience liquidity problems from their private-equity investments, given their long lockup periods.
* Managers that combine both private equities and hedging ...