China, Middle East: Everyone Wants to Be There

Summary

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WASHINGTON and NEW YORK (HedgeWorld.com) - The race is on between hedge funds, private equity powerhouses and Wall Street firms to find strategic investors in China or the Middle East.

Last week, James Cayne, chief executive of Bear Stearns Cos. Inc., said he was not looking for an equity infusion for Bear Stearns, as rumors suggested. The big news instead was Mr. Cayne's announcement that he was considering selling a stake in the firm to an investor from China or the Middle East if it was part of a transaction that would bring "geographic strategic value".

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Extract

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China, Middle East: Everyone Wants to Be There

That same day, Carlyle Group founder David Rubenstein outlined his plans for China, stressing that he thought China would become the dominant economic power in the world in the next 20 years. "I expect our presence in China will increase dramatically over the next couple ...

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