Jonathan Davis

Investment Special: Bottom fishing

In a panicked market, private-equity funds can offer hidden value

issue 10 September 2011

Here’s the good news. Share prices are falling. Investors are panicking. Talk of crisis dominates the headlines. These are precisely the conditions in which bargains tend to become available on the stock market. Just as history is written by the victors, so the day-to-day stock-market narrative is written from the perspective of those with most to lose: those who already have wealth, not those who need it in the future.

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