Criticism of private equity "ridiculous", say practitioners

Asian private equity specialists defend their profession as Mitt Romney's presidential ambitions draw unwanted attention to the industry.

Criticism of private equity "ridiculous", say practitioners

Many private equity practitioners are probably cursing the day Mitt Romney decided to run for the US presidency. In a contentious primary race, rival Republican candidates have demonised Romney for his career at Bain Capital, accusing him of being a vulture capitalist, a job destroyer and, among other things, the archetypal one-percenter.

In truth, Romney is far richer than that with a net worth of around $250 million, he is more like the 1% of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...