While IPOs will remain challenging, a desire among investors to secure remaining profits combined with a need for issuers to put cash to work may keep the equity capital markets going in the first quarter.
It will come as no surprise that equity capital market...
Cost cutting to spill over to 2009
15/12/2008 Fund houses the world over had to cut costs drastically this year to survive the financial turmoil that has practically extinguished the appetite for risk. Thanks to relatively lean operations in Asia, fund houses in this region didn’t have to suffer as much. Nevertheless, none of them were immune and people were laid off, travel and entertainment expenses were curtailed, and overall cost structures were evaluated.
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