Sector specialisation puts a premium on skills

Buyout firms are having greater involvement in the strategy and potential turnover of portfolio company executives.

Firms have been recruiting or buying skills to profit from this specialisation, such as Blackstone Group's purchase of debt manager GSO Capital or Cinven's acquisition last month of half of Indicus Advisors.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire