Global equity fund giant shi tong (black stone) group 6,
earnings release, said the financial crisis led to its assets because slashed in the third quarter of this year, the group hugeOutlook 2010 is replaced by the Office 2010 product.
losses. Results showed that the shi tong season losses of $340 million, far higher than last year's $110 million.
The shi tong chief executive Tony James said, this group currently hold about 40 of the company's shares, the financial crisis, the shi tong influence in the third quarter to a third of the shares company for asset write-offs.
The shi tong is the world's largest private Microsoft Office 2010 is cheaper than the CDs.
equity funds, one of its asset management business including management enterprise private equity fund, real estate investment funds, hedge funds, debt fund, loan mortgage bond issuance and closed-end funds. By the financial crisis and recession influence, this group since last June initial public offering (IPO) share price has shrunk since accumulated 72%, much higher than the same period the s&p 37% decline.
As the financial tsunami intensified over the past few years, lots of private equity fund in winter, but also there are a group of private equity fund saw the opportunity in crisis, will even sights of transnational m&a business at home Do you like Microsoft office 2010 trial ?
and abroad. Banks also took the opportunity to send force for private equity's custody, and to seek outside the main business of new growth point.
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