DealZone

The afternoon deal: Summit themes

Sovereign wealth funds are finding new territories to play in, pension woes are creating deal-making opportunities and investors suddenly find themselves wielding new-found power.  Those are some of the themes spotlighted on the last day of the Reuters Private Equity and Hedge Funds Summit.

Here is a selection of the best from the summit:

Hedgies, private equity dance to investors’ tune
Buyout exec Moulton says pension woes drive deals
Search for growth seen driving mergers
SWFs muscling in on funds business

From around the Web:

True Love: Who Wants to Buy JDate? (WSJ)
“Spark says it is reviewing the proposal. In the end it will depend on whether it takes its own advice and gives up the single life.” – WSJ

A Unique Chapter Rather Than New Playbook for Coke’s Operating Model (Seeking Alpha)
“Capital intensive businesses are not inherently inferior so long as they can earn a rate of return in excess of their cost of capital.” – Value Expectations via Seeking Alpha

The Afternoon Deal: Follow the money

currencyFollow the shifting money patterns into Asia and the secondary market at the Reuters Private Equity and Hedge Funds Summit. Later this week look for exclusive interviews from top management at Blackstone, 3i and THL.

Private Equity and Hedge Funds Summit:
-Asia set to grab a 5th of hedge fund flows
-PE secondary deals seen picking up
-Hedge funds, private equity face profit squeeze

Deals from the Web:

‘Golden Era’ May Elude Private-Equity Investors as Prices Rise (Bloomberg)
“Private-equity firms tell investors that the years following recessions offer the best opportunity to make money. This time may be different.” – Bloomberg

from Summit Notebook:

Tax evaders on the run

  By Neil Chatterjee
    The U.S. has promised it will hunt down tax evaders.
    And it seems tax evaders are on the run.
    DBS bank, based in the growing offshore financial centre of
Singapore, told Reuters it had been approached by U.S. citizens
asking for its private banking services. But when told they would
have to sign U.S. tax declaration forms, the potential clients
disappeared.  
    Swiss banks also approached DBS on the hope they could
offload troublesome U.S. clients to a location that so far has
not been reached by the strong arms of Washington or Brussels.
    DBS said no thanks. In fact many private banks and boutique
advisors now seem to be avoiding U.S. clients.
    Will this spread to other nationalities, as governments
invest in tax spies and tax havens invest in white paint?
    Is this the end of offshore private private banking?