Summary
RARELY these days does the TUC strike the right note. Too often it is shrill and defends the indefensible including the belligerent transport unions. But when it comes to questioning the practices of private equity it is spot on.
The TUC recognises it has more power over private equity than is generally known. Corporate and public pension funds have become some of the biggest investors in private equity because of a superior investment performance.See the full content of this document
Extract
Private Equity Under Siege
The truth is that private equity standards vary from house to house. Some outfits behave like asset strippers and dump assets, such as Debenhams, back on the public markets when they are not ready. Othe...
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