(Bloomberg Opinion) — Investors keep flocking to private equity in Asia even though returns are declining. They should take heed: Payouts are likely to get worse from here, rather than better.The hunt for yield in a low-interest world has spurred institutional investors from China Investment Corp. to Japan’s Government Pension Investment Fund to join the rush into the alternative asset class. Private equity firms founded by veterans of Warburg Pincus and KKR & Co. are seeking to raise at least $4.5 billion for new funds in China, Cathy Chan of Bloomberg news reported Thursday, in the latest sign of the …read more
Source:: Yahoo Finance
