Options dry up for equity investors
A rash of private equity buyouts has left Australia with fewer places to park its cash. The trend could encourage foreign firms to list on the country's market to tap into this appetite for assets. Meanwhile, domestic fund managers, with the weight of the nation's superannuation pot behind them, will likely look offshore for value, potentially changing the face of the country's capital markets. Giles Parkinson hears Asia could be the chief beneficiary.
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