Fintag has an interesting take on the growth of the high-profile private equity business.
The site's proprietor, an anonymous hedge fund manager, has lately aired his view of private equity dealings as a form of back-door imperialism, whereby firms undertake debt-financed deals for the prized assets of other countries.
Now, news of the Chinese taking a $3 billion stake in private equity firm, Blackstone, is prompting Fintag to call an effective beginning to China's "communist imperialist takeover of the West". In other words, two can play at that game...
Is this just a sign of severe animosity between "hedgies" and "pirates", or is there something to this?