https://assets.fnlondon.com/2010/12/4067689754.jpg

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.

https://assets.fnlondon.com/2010/12/4067695511.jpg

https://assets.fnlondon.com/2010/12/4067689770.jpg

https://assets.fnlondon.com/2010/09/4066989290.jpg

https://assets.fnlondon.com/2010/12/4067602302.jpg

https://assets.fnlondon.com/2010/12/4067689774.jpg

https://assets.fnlondon.com/2010/12/4067689776.jpg

Fareed Sahloul

London Stock Exchange fires US employee after video of ‘racist’ altercation

‘I was considered the most junior person in the room’: Senior disabled finance workers on promotion battles and prejudiced attitudes

JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

https://images.fnlondon.com/im-38645354?size=1.5

CDPQ hires Sharon White to lead push in Europe

https://images.penews.com/im-05261766?size=1.5

Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Views from the top - private equity

Financial News