The truth about Asian investment banking
China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

April 2008

Activist hedge funds: Party ain’t over for activists

"The private equity party is over," says Kevin Dolan, chief executive of $5 billion fund of hedge funds La Fayette Investment Management in London. The credit crunch has made it difficult for private equity firms to take companies private, and that is good news for activist hedge funds, he claims.


La Fayette launched an internal fund of activist hedge funds last May that it is now touting to external investors. The fact that activist hedge funds take a similar approach to private equity funds is an attractive offer to investors that have now been encouraged to look at alternatives. "They identify undervalued...


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