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Corporate transparency, long cherished as an essential feature of US capital markets, is giving way to the secrecy of “private equity” deals. Big mistake.
[…] buyers, professional investors insist on transparency so they can be sure not to overpay. But as owners, they favor a respite from the scrutiny of analysts and government. So-called "alternative investment" firms—private equity, venture capital and hedge funds—resist mightily any government regulation that would make them more transparent regarding the investments they make and […]
June 2, 2009