Private equity: asset strippers or wealth creators?

The headline sums up the debate perfectly. It seems if you pick up the national newspapers the divid...

The headline sums up the debate perfectly. It seems if you pick up the national newspapers the divide is as black and white as this, just as it is with hedge funds - you either love them or hate them. And unfortunately for the private equity industry its premier conference - the Super Returns event - was taking place last week so it was hard to stay out of the news. Add into the equation the world's largest buy-out, to the tune of $57bn for a US power generator, and you'll see why private equity is big news. So why should we in the asset management business be interested in private equit...