15.06.2010 - Sovereign fund executive attacks buyout firm 'greed'
From Efinancialnews.com: A senior investment figure at one of the world’s biggest sovereign wealth funds has slammed the buyout industry, accusing it of "greed" and of "putting its own interests ahead of those signing the cheques". Private equity firms need to fix their businesses by better aligning their interests with investors' and examining fees paid on their funds, according to Hesham Al-Quraini, vice-president of the Kuwait Investment Office, the City of London branch of the country’s sovereign wealth fund.................................................Full Article: Source
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