New regulation wreaks havoc on private equity houses' returns
The burden of regulatory compliance is causing "misery" for private equity houses, with associated legal and compliance costs eating into returns, according to Better Capital managing director Jon Moulton. Speaking at Legal Week's Private Equity Forum last week (13 April), Moulton said regulation such as the European Commission's Directive for Alternative Investment Fund Managers (AIFM), the forthcoming UK Bribery Act, the US' Dodd-Frank Act and carbon reporting requirements were causing undue problems for buyout houses.
The burden of regulatory compliance is causing “misery” for private equity houses, with associated legal and compliance costs eating into returns, according to Better Capital managing director Jon Moulton (pictured).
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