Summit Notebook
Exclusive outtakes from industry leaders
from Funds Hub:
Counting sheep
By Lorraine Turner
Speakers at the Reuters Hedge Fund and Private Equity summit this week were asked "what keeps you awake at night" and the answers were wide-ranging, from "my 7-week old daughter" to "the next meteorite".
Some executives are left counting sheep over the heavyweight questions that are plaguing our economies such as how low investment markets will fall or how the credit crisis can be eased as businesses remain stymied by a lack of credit.
Others are more entrenched in more specific fears such as cashflow from investors, a regulatory clamp-down or the fear of bankruptcy amongst private equity-owned companies.
Hedge fund bosses were noticeably cooler about the economic climate but still lie awake at night in a cold sweat over bad investment calls.
The credit crisis is affecting us all…
Spare a thought for the mega-rich.
While the man or woman on the street cuts back on non-essential spending as the value of their home falls and they worry more about whether or not they will keep their job, so too multi-millionaires are feeling the pinch.
Javier Arus Castillo, general manager of Santander Private Banking International, explains.
