Amundi warns that parts of private equity market resemble 'Ponzi schemes' - Financial Times

PE funds are selling assets to each other in ‘circular’ fashion, asset manager’s investment chief says

Europe’s largest asset manager has likened parts of the private equity industry to a “Ponzi scheme” that will face a reckoning in the coming years. “Some parts of private equity look like a pyramid … [+2952 chars]

full article...