At the Private Equity and Hedge Funds Summit, Primus co-CEO Robert Morse tells Reuters the opportunities in real estate in the U.S. are extraordinary. The $1.2 billion financial investment firm is now setting its sights on property owned by distressed sellers in the United States.
Here is a selection of the best stories from today’s summit:
BC Partners boss sees mini-bubble brewing
CQS raises $750 million for convertibles
BC Partners to court sovereign fund investors
Toscafund says UK stocks’ low value “absurd”
From the Web:
Buffett Casts a Wary Eye on Bankers (NYT)
“”Don’t ask the barber whether you need a haircut.” That little nugget was buried in Warren E. Buffett’s annual letter to Berkshire Hathaway shareholders published over the weekend.” – NYT
This Year’s Huge (So Far) M&A Deals And The Lawyers Masterminding Them (Business Insider)
A slide show of the big deals and the lawyers behind them.
M&A Is Back (Seeking Alpha)
“Merger activity is picking up once again, although the transactions are quite different from most of the deals done in 2005 and 2006″ – Charles Lieberman at Seeking Alpha
IPO Market Vigilantes: Narrowing the Valuation Disconnect (Renaissance Capital LCC)
“While the current period of poor IPO performance may leave buyers feeling burned, history demonstrates that such imbalances are short-lived.” – Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).