FX moves to centre stage
Testing times in the search for alpha
Wednesday, March 5, 2008
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A colleague of mine over from New York is used to seeing his deals close in a couple of weeks. He gets here to work on a Chinese deal and discovers the credit committee of the acquirer meets precisely once a month and won’t deviate from that schedule. Four months later we’re still waiting on a decision
Business can happen at a different pace in Asia, as a banker at a US firm working on buyouts in Hong Kong relates