Summit Notebook

Exclusive outtakes from industry leaders

from Funds Hub:

An unpleasant prospect

rtxd578There's no shortage of ill will towards bankers at the moment.

But some executives in the private equity and hedge funds industries feel they are getting beaten with the same stick by politicians and the public, despite feeling relatively blameless in this crisis.

BC Partners managing partner Andrew Newington, speaking at the Reuters Hedge Fund & Private Equity Summit in London today, explained.

"There is clearly no political goodwill towards financial services in general and everyone within financial services is being lumped into the same bucket," he said.

"So whether you're an investment bank, whether you're Fred Goodwin, whether you're a private equity firm or hedge fund, it doesn't matter, you appear on a placard at Canary Wharf with a noose around your neck, which isn't a very pleasant prospect."