A revolution is expected, but can hedge funds take over the world? Gemma Westacott reports:
Hedge funds are encroaching on what has traditionally been the hunting ground of private equity funds. Merrill Lynch chairman for Europe, the Middle East and Asia Bob Wigley sparked a heated debate at the end of last year about such convergence, stating that hedge funds were targeting what was traditionally the buyout firm’s turf in Europe after testing the ground in the US.
But while hedge funds’ involvement may signal an intention to take a more controlling interest in the companies they invest in, it may not turn out to be the revolution that was feared (or exalted).
