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George Anson, managing director, HarbourVest Partners (UK)

1) What is the single most damaging unintended consequence of this year's wave of regulation? 
Uncertainty. Two years of uncertainty remain before we will know how the AIFMD will be implemented and it's, therefore, impossible to assess the real impacts of it today. Markets and investors hate uncertainty. It is destabilising and it threatens to discourage investment at a moment when it is vitally needed to underpin the economic recovery.
2) How far along the path to recovery are we?
I believe we are just past the end of the beginning, but not yet at the beginning of the end. A leading indicator for us is quarterly average weekly cashflows from our funds' portfolios. These have now turned hugely positive with distributions outpacing capital calls by as much as 2:1 on a weekly basis. That could signal the end of the near-three year funding shortfall for investors and the return in 2011 of those who stepped back from private equity investment at the start of the downturn.

Financial News asked senior figures from across the private equity community for their opinions on the unintended consequences of the latest regulations and the path to economic recovery.

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Fareed Sahloul

Who are the most influential women in European asset management?

JPMorgan, GLG increase short bets against Impax shares as outflows continue

BlackRock creates active stewardship team to assist with private markets push

Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

U.K. Regulator Starts Review Into Motor and Home Insurance Market

Fate of Lina Khan’s Bid to Reshape Antitrust Comes Down to Election

Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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Financial News

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