The Heavy Hand of Regulation
Thomas Meyer
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Thomas Meyer: LDS Partners
Chapter Chapter 24 in Private Equity Unchained, 2014, pp 259-266 from Palgrave Macmillan
Abstract:
Abstract Private equity is the most politicised of asset classes because it is an agent of change. It is the business end of the capitalist system’s organisation of capital, resources and labour. Compared to, say, hedge funds, its actions and their effect on the socio-economy are very obvious and understandable to all. This brings into play ideological questions where positions, much less the answers, are not clear cut. Innovation is necessary for economic growth but is always accompanied by creative destruction. We all want to have the former but many resist change of the current system. Concerns such as market stability and systemic risk, which for most financial regulation are the big ones, are the easy bit in the case of private equity.
Keywords: Institutional Investor; Systemic Risk; Hedge Fund; Private Equity; Asset Class (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28682-6_24
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DOI: 10.1057/9781137286826_24
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