Saturday, February 26, 2005

Two Signs of the Apocalypse: "Two related stories are floating around the Internet today. First, we have Mark Anson, chief investment officer at the California Public Employees Retirement System (CalPERS), warning conference attendees in Geneva that 'the booming U.S. private equity market could be heading for a crash as interest rates rise and hedge funds, desperately seeking higher returns, pour money into the sector,' Reuters says. "— BusinessWeek Deal Flow